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Moneycontrol.com >> Messageboard >> Stocks >> India Tourism D >> BSE Announcements on India Tourism D
   You are here :     Moneycontrol     MMB    Stocks      India Tourism D                         Most active discussions of 2006 , 2007 & 2008
BSE Announcements on India Tourism D (1)   23-Jul-09 17:16Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 23-Jul-09 17:16 )
Price : [India Tourism D - BSE:Rs. NSE:Rs. when posted]
India Tourism Development Corporation Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 06, 2009, inter alia, have accorded their approval allot 1,82,50,000 (One crore eighty two lakh fifty thousand only) equity shares of the Company having face value of Rs 10/- each at a price of Rs 40/- (Rupees Forty only) per equity share including premium of Rs 30/- (Rupees Thirty only) per equity share, on a preferential basis to promoters viz, the Government of India represented by the President of India, and as detailed in the Explanatory Statement forming part of this Notice; which price is calculated considering the Guidelines for Preferential Issues under SEBI (DIP) Guidelines and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997, in consideration of a sum of Rs 73 crores released by the Ministry of Tourism vide Letter dated December 12, 2007 towards equity contribution, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company, at time of issue or allotment, subject to the overall guidelines governing such issue, subject to necessary provision and approvals.
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