REG - Indian Hotels Co Ld - Announcement re: Rights Issue <Origin Href="QuoteRef">IHTL.NS</Origin>

Indian HotelsAnnouncement

06/09/2014 14:35

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RNS Number : 9412L
Indian Hotels Co (The) Ld
10 July 2014 
 
July 9, 2014 
 
 BSE LimitedCorporate Relationship Department1st Floor, New Trading Ring,Rotunda Building, P. J. Towers, Dalal Street, Fort,Mumbai 400 001  National Stock Exchange of India LimitedExchange PlazaBandra-Kurla Complex, Bandra (East)Mumbai 400 051  
 
 
Dear Sirs, 
 
Subject: Outcome - Rights Issue Committee 2014 of                             
                                The Indian Hotels Company Limited (the
"Company") 
 
This is in furtherance to our intimation letter dated July 4, 2014 regarding
the proposal of the Rights Issue Committee - 2014 of the Company (the
"Committee") to consider and approve on July 9, 2014, inter alia, the Record
Date, Issue Schedule (i.e. Issue Opening/ Closing date) and the draft of the
Letter of Offer in relation to the issue of the compulsorily convertible
debentures (the "CCDs"), by way of rights issue, to the existing shareholders
of the Company on the Record Date for an amount aggregating upto ` 1,000
crores in accordance with the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2009, as amended and other
applicable laws. 
 
In accordance with the requirements of the Equity Listing Agreement entered
into by the Company with the BSE Limited and the National Stock Exchange of
India Limited, we would like to intimate that the Committee, has today,
finalised the following terms and conditions of the CCDs to be issued in the
Rights Issue as set out below: 
 
1.      Record Date for the issue of CCDs: Monday, July 21, 2014. 
 
2.      Issue Schedule: 
 
·    Issue opening date: Monday, August 4, 2014; 
 
·    Issue closing date: Wednesday, August 20, 2014; 
 
·    Last date for receipt of the split application form: Monday, August 11,
2014." 
 
The Issue period may be extended by the Committee subject to the Issue period
not exceeding thirty calendar days. 
 
3.      Letter of Offer: The draft of the Letter of Offer to be filed with
SEBI and the stock exchanges has been approved. 
 
The above is in compliance with the applicable provisions of the Equity
Listing Agreement. 
 
Thanking you, 
 
Yours sincerely, 
 
Sd/- 
 
Beejal Desai 
 
Vice President - Legal & Company Secretary 
 
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