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| Exchange Disseminated Time 22/02/2017 19:55:11 | Swan Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 22, 2017, inter alia, has accorded their consent to the following :
1. To offer, issue and allot 2,30,77,000 Equity Shares of face value of Rs. 1/- each to 2i Capital PCC (“Fund”) at a price of Rs. 195/- each (Face value of Rs. 1/- + Premium of Rs. 194/-) amounting to Rs. 450,00,15,000/- (Rupees Four Hundred and Fifty Crores, and Fifteen Thousand Only), or at a price being not lower than the minimum price calculated in accordance with Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and which is agreeable to the Fund and the Company, subject to the approval of shareholders of the company.
2. To convene Extraordinary General meeting of the company on March 27, 2017 at 11 A.M., for passing a special resolution to give effect to the above proposed allotment of equity shares.
The meeting commenced at 6 P.M. and ended at 7.30 P.M. |
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