Held on 27 March 2014
The Board of Indian Hotels Company at its meeting held on 27 March 2014 has, inter alia, considered and approved issue of compulsory convertible debentures by way of rights issue to existing shareholders of the Company for an amount not exceeding Rs 1000 crore in accordance with the SEBI Regulations.The Board also approved the reclassification of authorised capital of the Company comprising of Rs 200 crore dividend into 100 crore equity shares of Re 1 each and 1 crore cumulative redeemable preference shares of Rs 100 each into 200 crore equity shares of Re 1 each aggregating to Rs 200 crore.
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