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| Exchange Disseminated Time | Bhartiya International Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company will be held on February 08, 2012, inter alia, to transact the following business;
1. To issue 8,00,000 (Eight Lac only) Warrants to promoters and 2,00,000 (Two Lac only) Warrants to non-promoters at a price of Rs. 60/- per Warrant having attached thereto the right to subscribe for equal number of Equity Shares of Rs. 10/- each at a premium of Rs. 50/- per Equity Share, on conversion within a period of 18 months from the dote of allotment of the Warrants (in one or more trenches), in cash aggregating to Rs. 6,00,00,000/- (Rupees Six Crore only) (the price calculated with reference to January 09, 2012, being the relevant date), on such terms and conditions and in such manner as may be deemed appropriate and beneficial to the Company and decided by the Board to the following Bodies Corporate:-
Entity: Body Corporate (Promoter group)
Bhartiya Global Holdings Pvt. Ltd.
No. of Warrants: 800000
Entity: Body Corporate (Non-Promoter group)
Appreal Holdings Pvt. Ltd.
No. of Warrants: 200000
Total: 1000000
2. Alteration of Articles of Association. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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