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Moneycontrol.com >> Message Board >> View Messages >> Jaiprakash Asso
   You are here :     Moneycontrol     MMB      Stocks      Jaiprakash Asso
BSE Announcements on Jaiprakash Asso (1)   18-Jul-08 18:37Tracked by (0)  
Posted by:   MMB Messenger on ( 18-Jul-08 18:37 )
Price : [Jaiprakash Asso - BSE:Rs. 160.55 NSE:Rs. 160.50 when posted]
Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has approved the following:

1. Issue of 12,00,00,000 (Twelve Crores) Convertible Warrants to Jaypee Ventures Pvt Ltd, a Promoters Group Company, on Preferential basis, which shall be convertible into Equity shares of Rs 2/- each within 18 months, at a price to be determined in accordance with the SEBI Guidelines, subject to necessary approval of shareholders of the Company.

2. Re-constitution of the existing Committee of Directors to look into and suggest various options of restructuring including amalgamation of Companies having synergy with the business of the Company.

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Boarders Outlook on Jaiprakash Asso

positive outlook
libran. | RPILANIA

25 queries on Jaiprakash Asso

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News Updates on Jaiprakash Asso

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