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Updates on Outcome of Board Meeting

| Updated on July 29, 2011 Published on July 29, 2011

With reference to earlier announcement regarding Outcome of Board Meeting held on July 25, 2011, Mahindra Holidays & Resorts India Ltd has now informed BSE about the correction in the same. The corrected outcome of Board Meeting should be read as under :

"Based on the recommendation of the Remuneration Committee at its meeting held on July 25, 2011, the Board of Directors of the Company approved the issue (and not "allotted") of 3,10,000 equity shares of Rs. 10 each at a price of Rs. 370/- to the Mahindra Holidays & Resorts India Limited Stock Option Trust ("Trust") as per the Mahindra Holidays & Resorts India Limited Employees’ Stock Option Scheme 2006 (“ESOP Scheme 2006”) at their meeting held on July 25, 2011.

Source : BSE - >www.bseindia.com

Published on July 29, 2011
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