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| Exchange Received Time 20/05/2017 17:45:46 Exchange Disseminated Time 20/05/2017 17:45:50 Time Taken 00:00:04 | | Pursuant to Regulation 30 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby inform you that the Board of Directors, at its Meeting held today, has: (i)Approved the raising of funds up to ?1,000 crore, through the issuance of Bonds / Redeemable Non-Convertible Debentures by way of a Private Placement and authorized the Finance Committee to decide on all matters relating to the proposed issuance of the Bonds / Debentures including finalization and approval of the detailed terms of issue. (ii)Accepted Mr. Sanjay Sagar's request for early relinquishment of office as the Jt. Managing Director & CEO of the Company and decided to relieve Mr. Sagar with effect from the close of business hours on 15th June, 2017. In view of the change in the Key Managerial Person of the Company and pursuant to the provisions of the Company's 'Code of Conduct to regulate, monitor & report trading by Insiders', the Trading Window for dealing in the securities of the Company will be closed for all Designated Persons (as defined in the Code) with immediate effect up to and including Monday, 22nd May, 2017. |
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