| | | | Outcome of EGM | 11/29/2011 6:39:32 PM | | | | Gati Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 29, 2011, inter alia, have accorded to the following:
- Authority to the Board to offer, issue, and allot in one or more tranches in the course of domestic / international offerings through a Public Issue, Rights Issue, Preferential Issue and/or Private Placement and/or any other permitted nature of offering, Foreign Currency Convertible Bonds (FCCBs) convertible into Equity shares at the option of the Company or the holder(s) thereof and/or equity shares through depository receipts and/or bonds with share warrants attached ("Securities") for an aggregate sum not exceeding the maturity value of existing FCCBs in US dollars or equivalent in Indian and / or any other currency(ies) inclusive of such premium as may be permitted by the Ministry of Finance / such other authorities, to all eligible investors including Foreign / Non-resident Investors /existing FCCB holder(s) (whether Institutions / Incorporated Bodies / Mutual Funds /Trusts / Foreign Institutional Investors / Banks / Pension Funds /Venture Capital Funds and / or otherwise, whether or not such investors are members, promoters, directors or their relatives / associates, of the Company) to all or any of them, jointly or severally through prospectus, offer document, placement document and/or on private placement(s),and/or on preferential allotment(s) basis for cash at such time or times in such tranche or tranches at such price (premium/discount) as may be determined in accordance with relevant guidelines for issue of FCCBs and in such form and manner and on such terms and conditions as may be deemed appropriate by the Board at the time of such issue or allotment considering the prevailing market conditions and other relevant factors, wherever necessary in consultation with the Lead Managers, Underwriters, Advisors so as to enable the Company to get the Securities listed at Stock Exchange(s) in India or at London / New York / Singapore / Hong Kong/ Luxembourg Stock Exchange and / or any of the Overseas Stock Exchanges, subject to necessary provisions & approvals. | |
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