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Inox Leisure Ltd. - Outcome of Board Meeting

| Updated on November 30, 2018 Published on November 30, 2018

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., Friday, 30th November, 2018 (the Meeting), approved the allotment of 64,00,000 Equity Shares of face value Rs. 10/- each to Gujarat Fluorochemicals Limited, the holding company, (the Promoter) at the Issue Price of Rs. 250 per Equity Share, including a premium of Rs. 240/- per Equity Share, aggregating to Rs. 1,60,00,00,000/- (Rupees One Hundred and Sixty Crores Only).

Pursuant to this allotment, the paid-up share capital of the Company stands increased from 9,64,57,754 Equity Shares of Rs. 10 each to 10,28,57,754 Equity Shares of Rs. 10 each and the percentage shareholding of Gujarat Fluorochemicals Limited stands increased from 48.09 % to 51.32 %.

The Meeting commenced at 1:00 p.m. and concluded at 1:30 p.m.

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

Source : BSE - www.bseindia.com

Published on November 30, 2018
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