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| Exchange Disseminated Time | Kamat Hotels (India) Ltd has informed BSE that the Company has received a Conversion Notice from Clearwater Capital Partners (Cyprus) Ltd, the Bondholder, through the Bank of New York, the Principal Paying and Conversion Agent, for conversion of 6405 FCCBs into 20,97,993 equity shares of Rs. 10 each @ Rs. 135/- per equity share in the capital of the Company.
Accordingly, a meeting of the Securities Issue Committee of the Company is scheduled to be held on November 23, 2011 to consider the issue and allotment of 20,97,993 Equity Shares of Rs. 10/-each fully paid up @ Rs. 135/- per share to Clearwater Capital Partners (Cyprus) Ltd, the Bondholder, pursuant to Conversion Notice. |
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