Genus Power EGM aproves issue of 15,00,000 shares to investors

Genus Power Infrastructures Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 20, 2007, inter alia, have accorded to the Board to offer, issue and allot in one or more tranches, and upon such terms and conditions as may be deemed appropriate by the Board by way of preferential allotment upto 15,00,000 fully paid-up equity shares of the Company of a face value of Rs 10/- per equity share at a subscription price of Rs 560 (Rupees Five hundred and Sixty only) per equity share (inclusive of a premium of Rs 550 per equity share), for an aggregate value of Rs 84,00,00,000/- determined as per Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 for preferential issues, ranking pari passu in all respects, including as to dividend, with the existing equity shares of the Company to the financial investors mentioned in the following table up to the numbers mentioned against its name, and on such other terms and conditions, as the Board may deem appropriate in its absolute discretion:

1. The GMO Emerging Illiquid (Mauritius) Fund: Upto 1,40,000 No of Equity Shares

2. Citigroup Global Markets Mauritius Pvt Ltd : Upto 3,75,000 No of Equity Shares

3. Landmark Capital Markets Ltd : Upto 1,35,000 No of Equity Shares

4. AGB Holdings Pvt Ltd : Upto 5,00,000 No of Equity Shares

5. Aroni Commercials Ltd : Upto 2,50,000 No of Equity Shares

6. Rajni Jain : Upto 1,00,000 No of Equity Shares.

Source : Equity Bulls

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