Corporate Announcement
Security Code : 540180    Company : VBL    
 
Shareholders' Approval For Further Fund Raising By Way Of Debt IssueDownload PDF Download XBRL
  Exchange Received Time  20/03/2017 18:24:21         Exchange Disseminated Time   20/03/2017 18:24:23              Time Taken   00:00:02
Pursuant to Regulation 29 of SEBI (LODR), we also hereby inform you that the Shareholders' approval is being sought in the aforesaid 22nd AGM for further fund raising by way of debt issue and the Shareholders' are requested to authorize the Board of Directors to offer, from time to time, the subscription of redeemable, secured/unsecured Non-Convertible Debentures aggregating to Rs.10,000,000,000 (Rupees Ten Billion Only) on private placement basis, in one or more tranches subject to required approvals pursuant to Section 71 and Section 42 of the Companies Act, 2013 read with Companies (Share Capital & Debenture) Rules, 2014 and Companies (Prospectus & Allotment of Securities) Rules, 2014.
 

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