Jet Airways - Outcome of Board Meeting
24-Apr-2013 Jet Airways (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2013, has approved, subject to compliance with applicable laws and regulations, shareholders and other necessary approvals, the issuance, by way of a preferential allotment pursuant to the provisions of Section 81(1A) of the Companies Act, 1956 and other applicable legal provisions, including Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI ICDR Regulations") of 27,263,372 equity shares of the face value of Rs. 10/- (Rupees Ten only) to Etihad Airways PJSC at a price of not less than Rs. 754.7361607 (including premium of Rs. 744.7361607 per share) per Equity Share. The approval of the shareholders for such issuance and allotment will be sought at an Extraordinary General Meeting to be held in this regard. The Board of Directors has granted approval for the Company and Etihad PJSC to enter into inter alia, the Investment Agreement in relation to such issuance and allotment and other documents incidental thereto.
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