|
| Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 26, 2010, inter alia, to consider the following:
1. To offer, issue and allot on a preferential basis 40,00,000 (Forty lakhs only) equity shares of the face value Rs.10/- (Rupees Ten only) each for cash at a price of Rs. 113/- (Rupees One hundred and Thirteen only per share, including a premium of Rs. 103/- (Rupees One hundred and Three only) per share aggregating to Rs. 45,20,00,000/- (Rupees Forty Five crore and Twenty lakhs only), to the promoters of the Company.
- To create, offer and allot on preferential basis 10,00,000 (Ten lakhs only) warrants convertible into equity shares, to promoters; with each warrant convertible into one equity share of the Company of nominal value of Rs. 10/- (Rupees Ten only) each at a price of Rs. 113/- (Rupees One hundred and Thirteen only) per share including a premium of Rs. 103/-(Rupees One hundred and Three only) per share.
- To create, offer and allot on preferential basis 20,00,000 (Twenty lakhs only) warrants convertible into equity shares, to strategic investors / non promoters; with each warrant convertible into one equity share of the company of nominal value of Rs.10/- (Rupees Ten only) each at a price of Rs. 113/- (Rupees One hundred and Thirteen only) per share, including a premium of Rs. 103/- (Rupees One hundred and Three only) per share. |
|
|