|
| Exchange Disseminated Time | Asian Hotels (East) Ltd has informed BSE that the Board of Directors of the Company has vide Circular Resolution dated July 04, 2011 has, inter-alia, revised the earlier issue price of Rs. 385.53/- to Rs. 386.59/- to provide for the issue and allotment of 25,869 and 12,934 equity shares of face value of Rs. 10/- each respectively, aggregating to 38,803 equity shares of face value of Rs. 10/- each of the Company to Fineline Holdings Ltd, Mauritius and UDT Enterprises Pty Ltd, Australia pursuant to conversion of their total holding 27,780 1% Fully Convertible Preference Shares of Rs. 10/- each (FCPS) in terms of Clause 5.3.1 of the Scheme of Arrangement and Demerger (Scheme) sanctioned by the Hon'ble High Court of Delhi on January 13, 2010 which became effective from February 11, 2010 being the Effective Date retrospectively with effect from October 31, 2009 being the Appointed Date of the sanctioned Scheme.
Consequent to the aforesaid revised issue and allotment, the paid-up capital of the Company has gone up from 1,14,01,782 equity shares of Rs. 10/- each to 1,14,40,585 equity shares of Rs. 10/- each. |
|
|