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| Exchange Disseminated Time | Ganesha Ecosphere Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 30, 2014, has modified its proposal to raise funds through issue of Equity Shares, as earlier intimated dated July 10, 2014 and finally decided to make the issue of following securities:
1. 3,107,500 12% Compulsorily Convertible Preference Shares (CCPS) of face value Rs. 100/- each convertible within 12 months into 2,750,000 Equity Shares of face value of Rs. 10/- each of the Company at a price of Rs. 113/- per share to MCap India Fund Ltd. (an entity not belonging to the Promoter / Promoter Group).
2. 250,000 Warrants with the option of conversion of each Warrant into one Equity Share of face value Rs. 10/- each at a price of Rs. 113/- per share to MCap India Fund Ltd. (an entity not belonging to the Promoter / Promoter Group).
3. To raise funds upto an amount of Rs. 100,00,00,000/- (Rupees One Hundred Crores only), by way of Private Placement) Qualified Institutions Placement (QIP) of Equity Shares and / or Securities convertible into Equity Shares and / or Securities linked to Equity Shares and / or Securities with or without detachable Share Warrants and / or bonds with Share warrants attached, secured or unsecured, or in any other manner as may be finalised by the Board of Directors of the Company. |
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