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| Exchange Received Time 28/12/2017 17:39:45 Exchange Disseminated Time 28/12/2017 17:39:51 Time Taken 00:00:06 | | In continuation to outcome of the Board Meeting submitted on 25.12.2017 regarding Authority for Issuance and Allotment of non-convertible debenture aggregating to Rs.600.00 Crore and pursuant to acceptance of private placement offer letter dated 25.12.2017 by the respective subscribers and upon receipt of the subscription amount, the Board in its meeting held today i.e December 28, 2017 has approved the allotment of 6000 non-convertible debentures in the form of senior, secured, unlisted, rated, redeemable, rupee denominated with a face value of Rs.10,00,000 /- (Rupees Ten lakhs only) each issued at par aggregating to Rs. 600.00 Crore ( Rupees Six Hundred Crores only) in dematerialized form, bearing a coupon rate of 8.90% p.a. on private placement basis. |
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