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| Exchange Received Time 31/01/2018 18:19:24 Exchange Disseminated Time 31/01/2018 18:19:30 Time Taken 00:00:06 | With reference to our letter dated 25/01/18, the Board at its meeting held on 31/01/18, has subject to Members approval inter alia, approved the following:
1.Issue of equity shares for an aggregate consideration of up to Rs. 10,000 million (inclusive of premium as may be fixed) through qualified institutions placement under Chapter VIII of the SEBI (ICDR) Regulations, 2009 (ICDR) and Companies Act, 2013 and rules issued thereunder (Act).
2.Issue of equity Shares for an aggregate consideration of up to Rs. 20,000 million (inclusive of premium as may be fixed) on a preferential basis to Larsen & Toubro Limited(Promoter) under Chapter VII of ICDR and the Act.
The Members consent would be sought by way of postal ballot and the Board has approved the postal ballot notice. A press release issued by the Company in this regard is enclosed.
Board Meeting commenced at 5:00 pm and concluded at 6:05 pm
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