|Nila Infrastructures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2014, inter alia, has transacted the following:|
- The Board has approved, subject to necessary approvals, issue on preferential basis 75000000 (Seven Crores and Fifty Lacs) Equity Shares and 22500000 (Two Crores and Twenty Five Lacs) Warrants convertible into equivalent number of equity shares of Re. 1/- each at a price of Rs. 5/- per share (including premium Rs. 4/- per share) to the proposed subscribers as mentioned in the notice of the Extra Ordinary General Meeting.