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| Exchange Disseminated Time | Mahindra Holidays & Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 21, 2013, approved the following :
1. subject to the approval of the shareholders of the Company and regulatory approvals, as may be required, the issuance of equity shares of face value of Rs. 10/- each (the "Equity Shares") through an institutional placement programme in accordance with Chapter VIII-A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, in one or more tranches, such that the total number of Equity Shares held by the 'public' immediately at the completion of such offerings does not exceed 25 per cent of the total number of outstanding Equity Shares as at the date of allotment of such Equity Shares.
2. convening an Extraordinary General Meeting of Members of the Company on February 23, 2013 at 4th Floor, Mahindra Towers, No. 17/18 Patullos Road, Chennai - 600 002 for considering and approving the above proposal. |
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