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| Exchange Disseminated Time | Peninsula Land Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2009, inter alia, have approved a proposal to raise further capital by way of issue of equity shares of face value of Rs 2 each subject to a ceiling that:
1. The number of equity shares to be issued shall not exceed 6 crores shares.
2. The aggregate amount to be raised shall not exceed Rs 750 crores.
The above capital is proposed to be raised by way of Qualified Institutional Placement / ADRs / GDRs / FCCBs, etc., under the provisions of Section 81(1A) of the Companies Act, 1956 and other app laws / regulations to augment the long term resources of the Company. |
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