Hingir Rampur Coal has informed that pursuant to the approval received from the shareholders of the company in Extra-Ordinary General Meeting held on November 05, 2011, a meeting of the board of directors of the company will be held on December 13, 2011, to consider, allotment of 17,10,000 equity shares of Rs. 10 each at a price of Rs. 60 per equity share, including a premium of Rs. 50 per equity share on preferential basis to promoters and a group of strategic investors not forming part of promoter group in compliance with chapter VII of the SEBI (ICDR) regulations, 2009.
The above information is part of the company’s filing submitted to the BSE.
