Spicejet EGM approves warrants issue to GS Investment Partners

Spicejet Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on September 12, 2008, inter alia, have approved the following resolution by requisite majority to increase the Authorised shares capital to Rs 4,150,000,000 divided into 415,000,000 equity shares of Rs 10 each.

Amendments to the Articles of Association of the Company; and Create, offer, issue and allot up to 15,360,715 warrants, having option to apply for and be allotted an equivalent number of equity shares of the face value of Rs 10 each at Rs 39.45 per equity share (including a premium of Rs 29.45 per equity share) to GS Investment Partners (Mauritius) I Ltd and / or GS Investment Partners (Mauritius) II Ltd.

Source : Equity Bulls

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