Out of City Travel Solutions has informed that at the meeting of the board of directors of the company was held on October 18, 2012, approved to allot 62,80,000 equity shares of Rs. 1 each at Rs. 23 per share, (Including a premium of Rs. 22 per share) on preferential basis to non-promoters as per the list placed before the meeting.
The above information is a part of company's filings submitted to BSE.