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| Exchange Disseminated Time | Country Club India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008 and adjourned to July 01, 2008, inter alia, has transacted the following businesses:
1. The Company has completed its 20th acquisition this current calendar year including an international acquisition in Dubai taking the total tally of clubs owned and managed by CCIL to 50.
2. Recommended the Final Dividend @ 20% on the Paid-up Equity Share Capital of the Company for the financial year ended on March 31, 2008.
3. Approved subject to members approval, the proposal of Sub-division of Equity Shares of Rs 10/- each into Equity Shares of face value of Rs 2/- each of the Company.
4. Approved subject to members approval, the proposal for issue of 7,00,000 warrants to promoters convertible into equal number of equity shares of Rs 10/- each of the Company to be issued at price of Rs 770/- per warrant (includes a premium of Rs 760/- per warrant); and
5. Approved the proposal for enlisting its Equity Shares with National Stock Exchange of India Ltd. |
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