At meeting held on 21 January 2015
FE (India) announced that the Board of Directors of the Company at its meeting held on 21 January 2015, inter alia, has considered and approved the following businesses:1. Allotment of 42,24,545 Warrants to the persons belonging to the Promoter & Non-Promoter Category on a preferential basis at an issue price of Rs. 22/- per Warrant in accordance with the provisions of SEBI (ICDR) Regulations, 2009 read with Companies Act, 2013.
2. Part conversion of aforesaid Warrants issued to the persons belonging to the Non-Promoter Category, to the extent of 24,79,545 Warrants, in terms of the mandate received from the allottees exercising their right of conversion in compliance with the provisions of SEBI (ICDR) Regulations, 2009.
3. Allotment of 43,47,826 Equity Shares of face value of Rs. 10/- each (including premium of Rs. 24.50/- per Equity Share) pursuant to conversion of equivalent no. of Warrants issued earlier to the person belonging to the Promoter Category on a preferential basis.
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