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India Infoline Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 17, 2008, inter alia, have accorded the following:

1. Authority to the Board to issue, offer and allot 37,00,000 (Thirty-Seven Lacs) Equity Shares of Rs 10 each on preferential basis to Orient Global Tamarind Fund Pte Ltd under Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000 (Guidelines).

Each of the Equity Shares will be issued at Rs 1500 (Rupees One Thousand Five Hundred), which includes a premium of Rs 1490 (Rupees One Thousand Four Hundred Ninety) per share in accordance with the provisions of Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000.

Relevant date shall be December 18, 2007 in accordance with SEBI (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions & approvals.

2. Increase the Authorised Share Capital of the Company from Rs 80,00,00,000 (Rupees Eighty Crore) divided into 8,00,00,000 (Eight Crore) Equity Shares of Rs 10/- (Rupees Ten) each to Rs 100,00,00,000 (Rupees One Hundred Crore) dividend into 10,00,00,000 (Ten Crore) Equity Shares of Rs 10/- (Rupees Ten) each & consequential amendments in the Memorandum of Association of the Company.

Tags: India Infoline

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