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| Exchange Received Time 20/09/2017 16:05:23 Exchange Disseminated Time 20/09/2017 16:05:27 Time Taken 00:00:04 | Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to our letter dated 20th May, 2017, informing that the Board of Directors of the Company had approved the raising of funds through the issuance of Bonds / Redeemable Non-Convertible Debentures by way of a Private Placement and had 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, please note that the Finance Committee met today to finalize the issue and allotment of the Non-Convertible Debentures. The detailed terms are attached.
The issue proceeds would be used for business operations, various capex requirements, repayment / prepayment of existing debt and general corporate purposes.
The meeting commenced at 3.30 p.m. and concluded at 3.45 p.m.
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