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| Exchange Disseminated Time | Mayur Uniquoters Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 19, 2014, inter alia, has considered and approved the following:
1. Subject to shareholders approval, the increase in authorised share capital and reclassification of authorised share capital and consequent amendments to memorandum of association and Article of Association of the Company and
2. Subject to shareholders approval and other necessary approvals, the preferential issuance of up to 14,86,000 compulsorily convertible participating preference shares ( "CCPPS") at a price of Rs. 471/06 (Rupees Four Hundred and Seventy One and Paisa Six Only) to WestBridge Crossover Fund, LLC on preferential basis. The purpose for raising the capital is to augment the resources of the Company for general corporate and capital expansion purposes, including setting up a PU Plant, and other such purposes permitted by applicable law and approved by the Board of Directors. |
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