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| Exchange Disseminated Time | | Jindal Worldwide Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have also accorded the authority to the Board to offer, issue and allot through Public Issue and/or on a Private Placement basis to Qualified Institutional Buyers(QIBs) or Preferential Allotment Basis, ordinary Shares, debentures or bonds whether partly / optionally / fully Convertible and / or Securities linked to Ordinary Shares including but not limited to Foreign Currency Convertible Bonds convertible into Equity Shares at the option of the Company and / or the holder of such securities, (including with provision for reservation on firm and / or competitive basis of such part of issue and for such categories of persons as may be permitted) ("Securities") in the course of Domestic / International offerings to Domestic / Foreign Institutions, Domestic / Foreign Banks, Foreign Investors (whether Institutions and / or Incorporated Bodies and / or individuals), Non Resident Indians, and / or other entities, Corporate Bodies, Pension Funds, Mutual Funds, Insurance Companies,. Individuals and / or trustees and or Stabilization agents or otherwise, whether members of the Company or not, such that total amount raised through the aforesaid Securities should not exceed US $ 20 million (inclusive of such premium as may be determined) whether in Indian currency or foreign currency, such issue allotment to be made at such time or times, in such tranch or tranches, at such price or prices and in such manner as the Board may, in its absolute discretion think fit, in consultation with the Lead Manager(s) / Investment Banker(s) and/or Underwriters and/or other Advisers, and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board with a right to the Board to retain for additional allotment such amount of subscription not exceeding 20% of the, amount of the initial offer of each trenches as the Board may deem fit, subject to necessary provisions & approvals. |
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