Thursday, June 18, 2009

KS Oils To Allotment Equity Shares And warrants - June 18, 2009

The members of KS Oils has approved to issue and allot 27,921,406 equity shares of Re 1 each at a premium of Rs 47.43 each of the company, aggregating to an amount not exceeding Rs 136 crore to NSR Direct PE Mauritius, LLC.

The members has approved to issue and allot 55,59,115 warrants to CVCIGP II Client Rosehill and 31,13,451 warrants to CVCIGP II Employee Rosehill, Mauritius, each such warrant convertible into one equity shares of Re 1 at a premium of Rs 55.50 each of the company, aggregating to an amount not exceeding Rs 49 crore.

The members has approved to issue, offer and allot 8,672,566 warrants each Baring Private Equity Asia III Mauritius Holding (3), each such warrant convertible into one equity shares of Re 1 at a premium of Rs 55.50 each of the company, aggregating to an amount not exceeding Rs 49 crore.

The members has approved to issue and allot 28,807,339 warrants to the promoters, each such warrant convertible into one equity shares of Re 1 each at a premium of Rs 53.50 each of the company, aggregating to an amount not exceeding Rs 157 crore.

The members has approved to offer, issue and allot in the course of domestic/international offerings to domestic/foreign investors/institutional investors/foreign institutional investors, members, employees, Non-Resident Indians, companies or bodies corporate, trusts, mutual funds, banks, financial institutions, insurance companies, pension funds, individuals or otherwise, whether equity shareholders of the company or not, through a public issue, rights issue, preferential issue/private placement/equity shares/equity shares through GDRs/ADRs or any securities convertible into equity shares in the international markets upto US$ 15 million.

This was approved at the extraordinary general meeting held on 17 June 2009.

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