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| Exchange Disseminated Time | With reference to the earlier announcement about the Board Meeting to be held on April 10, 2013 to interalia consider and approve issue of equity shares on Rights basis to the existing shareholders of the Company, with the promoters/promoter group shareholders forgoing their rights entitlement to meet the Minimum Public Shareholding requirement. In this connection, Ras Resorts & Apart Hotels Ltd has now informed BSE that at the Board Meeting held on April 10, 2013 the board has decided to issue Bonus shares in the ratio of 1 equity share for every 5 equity shares to its public shareholders.
Further the Company has informed that, the Promoters/Promoter group shareholders will forgo their entitlement to bonus shares to meet the minimum public shareholding requirement. |
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