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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