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| Exchange Disseminated Time | Supreme Infrastructure India Ltd has informed BSE that pursuant to the powers conferred by Special Resolution passed at the Extra Ordinary General Meeting held on December 13, 2013 pursuant to the provisions of Section 81(1A) of the Companies Act, 1956 and Companies Act, 2013 to the extent applicable, the Committee of Directors at their meeting held on December 19, 2013 approved the issuance and allotment of the following:
a. Issuance and allotment of 33,50,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. 185/- per share (including premium of Rs. 175/- per share) to the Promoters/ Promoters Group and Non Promoters on preferential basis and
b. Issuance and allotment of 20,00,000 Warrants with a right exercisable by the Warrant holder to subscribe for one Equity Share of Rs. 10/- each per Warrant for cash at an exercise price of Rs. 185/- each on preferential basis to the Promoters/ Promoter Group of the Company. |
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