Inca Finlease Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2011, has decided the following:
1. Allotment of 12,50,000 Equity Shares after conversion of 12,50,000 Optionally Fully Convertible Warrants (OFCW'S) of nominal value of Rs.2/- each at price of Rs.76/- which includes a premium of Rs.74/- per share to Investors on preferential basis on the terms and conditions as approved by the Shareholders, in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
2. To acquire upto 100% shareholding in Visagar Textiles Pvt Ltd, subject to satisfactory due diligence and completion of other legal and regulatory formalities and negotiation with the Promoters/Share Holders.
Sensex
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Wednesday, March 30, 2011
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