At meeting held on 12 January 2015
Can Fin Homes announced that the Board of Directors of the Company at its meeting held on 12 January 2015, have decided the following:1. Issue Price: Rs. 450/- (Face Value: Rs. 10/- and Premium: Rs. 440/-);
2. Ratio : 3 equity shares for every 10 equity shares held as on the Record date;
3. No. of shares to be issued: 61,45,575 equity shares;
4. Fractional Entitlements:
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For Equity Shares being offered on a rights basis under this Issue, if the shareholding of any of the Eligible Equity Shareholders is less than 10 Equity Shares or not in the multiple of 10, the fractional entitlement of such Eligible Equity Shareholders shall be ignored. Eligible Equity Shareholders whose fractional entitlements are being ignored would be given preferential consideration for the Allotment of one additional Equity Share each if they apply for additional Equity Shares over and above their Rights Entitlement, if any.
Those Eligible Equity Shareholders holding less than 10 Equity Shares will therefore be entitled to Zero Equity Shares under this Issue and shall be despatched a CAF with zero entitlement. Such Eligible Equity Shareholders are entitled to apply for additional Equity Shares. However, they cannot renounce the same in favour of Third parties. CAFs with zero entitlement will be non-negotiable/non-renounceable.
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