Board approves Rights Issue of equity shares

| Updated on October 10, 2012 Published on October 10, 2012

Asahi India Glass Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 10, 2012, have in accordance with the relevant provisions of Section 81(1) and all other applicable provisions of the Companies Act, 1956, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and all other applicable rules, regulations and guidelines of the Securities and Exchange Board of India (hereinafter referred to as the "SEBI"), Foreign Exchange Management Act, 1999 along with the rules and regulations framed thereunder, as amended, and any other applicable law, rules, regulations, guidelines, notifications and circulars in force, and applicable provisions of the Memorandum and Articles of Association of the Company and the listing agreements have approved to issue and allot, in one or more tranches, fully paid up equity shares of the Company for an aggregate amount of upto Rs. 275 Crores to the equity shareholders of the Company on a "rights basis" at such price (inclusive of premium) as may be determined by the Board or a Committee thereof, in consultation with the lead manager.

Source : BSE - >www.bseindia.com

Published on October 10, 2012
This article is closed for comments.
Please Email the Editor