Indian Hotels Co announced that the Rights Issue Committee - 2014, has on 09 July 2014, finalised the following terms and conditions of the compulsorily convertible debentures (CCDs) to be issued in the Rights Issue as set out below:
1. Record Date for the issue of CCDs: 21 July 2014.
2. Issue Schedule:
- Issue opening date: 04 August 2014;
- Issue closing date: 20 August 2014;
- Last date for receipt of the split application form: 11 August 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.
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