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| Exchange Received Time 24/10/2017 15:08:33 Exchange Disseminated Time 24/10/2017 15:08:38 Time Taken 00:00:05 | | This is to inform you that subsequent to the approval accorded by the Shareholders of the Company under Section 62(3) and other applicable provisions of the Companies Act, 2013, Memorandum & Articles of Association of the Company and in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and pursuant to prior in-principle approvals received from the Stock Exchanges to issue and allot equity shares on conversion of debt, the Finance Committee of the Board of Directors of the Company at their meeting held today have issued and allotted to JM Financial Asset Reconstruction Company Limited, 16,39,43,459 fully paid up Equity Shares of Rs.2 each, at a price of Rs.16.78 per Equity Share (including premium of Rs.14.78 per Equity Share) aggregating to Rs. 275.09 crores. |
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