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| Exchange Received Time 21/09/2017 13:40:44 Exchange Disseminated Time 21/09/2017 13:40:49 Time Taken 00:00:05 | | Keeping in view growing business requirements in line with proposed expansion plans into lending & asset reconstruction businesses, Board, at its today's meeting, considered & approved raising of funds aggregating upto Rs.3,000 cr, by way of issue of equity shares to existing shareholders on rights basis and/or issue of equity shares or other permissible convertible securities to QIBs, by way of qualified institutions placement, in accordance with applicable provisions/regulations. The Board constituted Securities Issuance Committee has been authorised to examine & evaluate various options to raise funds, to implement & take decisions on the type of offering(s), terms & conditions, nature of security, issue size, issue price, timing of issue etc. To seek the shareholders' approval for issuance of Equity Shares, to the extent applicable, and for amending Articles of the Company, so as to align them in line with the extant laws, a meeting of its shareholders' would be held on 23.10.2017. |
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