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Mercator in the News
Outcome of the EOGM held on 17th January, 2006 :
This is to inform you that the shareholders of the Company, in their Extra Ordinary General
Meeting held on 17th January, 2006, have passed resolutions on following matters:
- Increase in Authorised Equity Share Capital of the Company from Rs. 25 crores to Rs. 35
Crores by creating additional 10,00,00,000 Equity Shares of Re.1/- each,
- Issue of Bonus Shares in the proportion of 3 new equity shares for every 2 existing equity shares of the Company,
- Issue of maximum of 80,00,000 warrants carrying entitlement/option to apply for equal number of equity shares, on preferential basis to the Promoter's group /associate Company viz. AHM Investments Pvt. Ltd. in accordance with SEBI Guidelines for preferential issue. The pricing whether ex-bonus/cum-bonus) and actual numbers of warrants to be issued, will be decided in consultation with various regulatory authority;
- Issue of securities by Public/Private Offering in the Domestic and/or International Markets, in the form of ADR/GDRs/Bond/Equity Shares or in any other form for an aggregate amount not exceeding USD 75 millions or equivalent amount in any currency; and
- Increase in the limit of investment by FIIs upto 70% of the paid-up equity share Capital/Securities of the Company.
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