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| Exchange Disseminated Time | Vakrangee Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 03, 2014, inter alia, to transact the following business:
1. To consider and approve fund raising by way of Qualified Institutional Placement (QIP) by way of issuance of eligible securities to the Qualified Institutional Buyers (QIBs) upto Rs. 1000 Crore (Rupees One Thousand Crore) at such rate as may be decided by the board/committee as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to members’ approval.
2. To constitute a committee to be called as “QIP Committee” authorized to do all such acts, deeds and things with respect to the aforesaid Qualified Institutional Placement.
3. To consider and approve passing of the Members’ resolution for the aforesaid QIP through postal ballot. |
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