India Home Loan Ltd. - Announcement under Regulation 30 (LODR)-Raising of Funds

| Updated on February 14, 2019 Published on February 14, 2019

Further to our letter dated February 11, 2019, and in accordance with the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (the Listing Regulations), we would like to inform you that the Board of Directors at their meeting held today considered and approved, subject to such approvals as may required including the approval of the members of the Company at a general meeting and further subject to such other statutory/regulatory approvals, to create, offer, issue and allot at an appropriate time, in one or more tranches in aggregate and upto 16,00,000 (Sixteen Lakh) convertible warrants (Warrants) at a price of Rs. 76.75 per warrant, each convertible into or exchangeable for One (1) equity share of face value of Rs. 10/- each (the Equity Shares) at a premium of Rs. 66.75 per share aggregating to Rs. 12,28,00,000/- (Rupees Twelve Crore Twenty Eight Lakh only) on a preferential basis to the following persons:

Proposed Allottees Number of Convertible Warrants
Neel Subhash Patel (PAN: BFDPP2888E) 3,00,000
Sonal Mayur Shah (PAN: ADFPS2204N) 2,00,000
Shailaja Chetan Shah (PAN: AIRPS9456K) 2,00,000
Mahesh Narshibhai Pujara (PAN: AFPPP1392A) 5,00,000
JM Financial India Trust II - JM Financial India Fund II - (PAN: AACTJ5421A) 4,00,000

The Board also approved convening Extraordinary General Meeting to approve the above preferential issue of equity shares and other allied matters on Saturday, March, 16, 2019.

Pdf Link: India Home Loan Ltd. - Announcement under Regulation 30 (LODR)-Raising of Funds

Source : BSE - www.bseindia.com

Published on February 14, 2019
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