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| Exchange Disseminated Time | Steel Strips Wheels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 01, 2015, inter alia, have approved the followings:
- To raise funds upto an amount of Rs. 100.00 Crore through issue of equity shares by way of Qualified Institutions placement (“QIP”) to qualified Institution Buyer.
Further in terms of Regulation 8 (1) and 9 (1) of the SEBl (Prohibition of Insider trading) Regulations, 2015, the Board of Directors of the Company has formulated and adopted the “Code of Practices and Procedure for fair disclosure of Unpublished Price Sensitive Information” and a “code of conduct to regulate, monitor and report by its employees and other connected person”.
The “Code of Practices and Procedure for fair disclosure of Unpublished Price Sensitive Information”, has also been uploaded on the Company’s website i.e. www.sswlindla.com. Further in compliance with the Regulation 8(2) of the Regulations, a copy of the Code of Practices and Procedure for fair disclosure of Unpublished Price Sensitive Information is also enclosed. |
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