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| Exchange Disseminated Time | GVK Power & Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2015, inter alia, has approved the following, subject to approval of the shareholders under section 62 of the Companies Act, 2013 and the Rules made thereunder and other relevant approvals as may be required under the applicable laws :
"The issue and allotment of equity shares of the Company, not exceeding Rs.1,000 Crores (with a green shoe option to retain upto Rs.500 Crores from the excess subscriptions received), including pursuant to an offer to qualified institutional buyers under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended." |
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