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Inox Leisure Ltd. - Outcome of Board Meeting

| Updated on November 01, 2018 Published on November 01, 2018

We wish you inform you that the Board of Directors of INOX Leisure Limited (Company) at its meeting held today, 01st November, 2018 has, subject to the approval of the shareholders of the Company in extraordinary general Meeting, approved the issuance of maximum of 64,00,000 equity shares of face value Rs. 10/- each to its promoter, Gujarat Fluorochemicals Limited (Proposed Allottee) on a preferential issue basis at a price not less than the floor price i.e. Rs. 241.71 determined in accordance with requirements of Regulation 76 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and Regulation 164 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as applicable.

The Board has also approved convening of an extraordinary general meeting of the Company on Thursday, 29th November, 2018, inter alia, to approve the issue of equity shares to the Proposed Allottee on preferential basis. Accordingly, the relevant date for determination of the price of the equity shares is Tuesday, 30th October, 2018.

The Board Meeting of the Company commenced at 4:00 p.m. and concluded at 6:00 p.m.

This intimation is also available on the website of the Company at the weblink www.inoxmovies.com.

Kindly take the same on record.

Pdf Link: Inox Leisure Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on November 01, 2018
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