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| Exchange Received Time 09/01/2018 15:15:19 Exchange Disseminated Time 09/01/2018 15:15:24 Time Taken 00:00:05 | In terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure requirements) Regulations, 2015 and pursuant to the approval/consent granted, on December 12, 2017, by the Shareholders of the Company and In-Principle approval of the Stock Exchanges received for issue of Warrants, the Board of Directors of the Company at its meeting held on January 9, 2018 has allotted 72,14,644 Warrants on preferential basis to the following persons (other than Promoters & Promoter Group) at a conversion price of Rs. 63.30/- per warrant (Rs. 2/- as face Value & Rs. 61.30/- as premium) as determined in accordance with Chapter VII of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009. Each Warrant is convertible into one Equity Share of face value Rs. 2/- each with in a period of 18 months from the date of allotment of such warrants.
The meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 3:00 p.m. |
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