Asian Hotels to consider allotment of FCPS on Feb 10, 2010

Asian Hotels Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 10, 2010, inter alia, to consider allotment of 1% Fully Convertible Preference Shares (FCPS) of Rs. 10/- each for cash at a premium of Rs. 530/- per FCPS in terms of Clause 5.3.1 of the Scheme of Arrangement and De-merger approved by the Hon'ble High Court of Delhi at New Delhi vide its order dated January 13, 2010.

Source : Equity Bulls

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