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| Exchange Disseminated Time | Ortel Communications Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 20, 2015, inter alia, has discussed and approved the following items :
1. Revision of terms of finance lease from CISCO by increasing the finance lease amount up to USD 1.00 million (in equivalent INR) from earlier amount of USD 05.00 Million with same rate interest and reduction of earlier bank guarantee of 40% to 20% to part finance capex requirement.
2. Review and noting of utilization of IPO proceeds.
3. Date of Annual General Meeting and notice calling the AGM. |
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