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| Exchange Disseminated Time | EIH Associated Hotels Ltd has informed BSE that the Rights Issue Committee of the Board of Directors of the Company, at its Meeting held on August 31, 2012 has approved the following regarding proposed Rights Issue of the Company.
- Size of the Issue :- The Company proposes to issue 1,08,81,481 Equity Shares on a rights basis to its existing equity shareholders aggregating to approximately Rs. 1088.15 million.
- Rights Entitlements :- 5 Equity Shares of Rs. 10 each for every 9 Equity Shares of Rs. 10 each held by the shareholders as on the Record Date.
- Issue price per Equity Share :- Rs. 100 per Equity Share including a premium of Rs. 90 per Equity Share (Rs. 10 per share at a premium of Rs. 90 per share)
- Total number of Equity Shares outstanding prior to the Issue :- 19,586,666
- Total number of Equity Shares outstanding after the Issue :- 30,468,147
- Issue Schedule :- Issue to open on : September 26, 2012
Issue to close on : October 12, 2012 |
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