Outcome of board meeting of Confidence Petroleum India

Held on 05 June 2018

Confidence Petroleum India announced that the Board of Directors of the company at its meeting held on 05 June 2018 has approved the following -

1) Issue of 1,50,00,000 Equity Shares of the company of the face value of Rs. 1 each at Price of Rs. 52 per share(including premium of Rs. 51 per Equity Share) on a preferential basis through private placement, for a total consideration of Rs.78 crore.

2) Issue of 2,00,00,000 Convertible Warrant on preferential basis, Disclosure under Regulation 30 of SEBI ( Listing obligations and Disclosure Requirements) Regulations, 2015.

3) Extra Ordinary General Meeting of the members of the Company will be held on 2July, 2018.

 

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