• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad , Aug. 12

THE board of directors of Viceroy Hotels Ltd at its meeting held on Thursday approved a resolution to appoint Mr Rakesh Jhunjhunwala as Additional Director.

Mr Jhunjhunwala and associates were among the strategic investors to whom the company has decided to allot shares and warrants on a preferential allotment basis.

The company informed the stock exchanges that the board has allotted 21.12 lakh equity shares of Rs 10 each issued at a premium of Rs 50 per share to promoters and strategic investors in terms of the resolution passed at the EGM held on July 28.

The board has also approved allotment of 25.52 lakh warrants of Rs 10 each issued at a premium of Rs 50 a share. These warrants are convertible into equity shares not later than 18 months from the date of allotment to promoters and strategic investors.

The board also discussed the valuation report of the consultants regarding the merger of various companies/entities with the company.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Visakha Dairy to strengthen brand, export milk products

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line