Akruti City Seeks EGM approval for preferential issue

Akruti City Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 16, 2008, inter alia, to create, offer, issue and allot upto 1,07,02,777 equity shares of face value of Rs 10/- (Rupees Ten only) each (Equity Shares) representing 16.05% of the pre-issue paid-up share capital of the Company on a preferential allotment basis pursuant to and in accordance with the provisions of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 and such issue and allotment to be made at such time / times, at such price or prices, in such manner and on such terms and conditions as the Board, may, in its absolute discretion decide at the time of issue or allotment of the Equity Shares, in accordance with the provisions of the said Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000, for cash, to:

a. AIG GRE Investment Corp, and its subsidiaries / affiliates (AIG);
b. CVCIGP II Client Rosehill Ltd; (Rosehill Client),
c. CVCIGP II Employee Rosehill Ltd; (Rosehill Employee) and
d. [Guatam Nayak and Keshav Bhujle] (the Trustees), in their capacity as Trustees of the following Trusts:

• CVCIGP II Ajay Relan Trust
• CVCIGP II Vinayak Shenvi Trust
• CVCIGP II P R Srinivasan Trust
• CVCIGP II Ajay Tandon Trust
• CVCIGP II Vivek Chhachhi Trust
• CVCIGP II Jayanta Kumar Basu Trust

(AIG, Rosehill Client, Rosehill Employee and the Trustees together the 'Investors').

Source : Equity Bulls

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