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| Exchange Disseminated Time | Vakrangee Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 03, 2014, has transacted the following :
1. Considered and approved fund raising by way of Qualified Institutional Placement (QIP) by way of issuance of eligible securities to the Qualified Institutional Buyers (QIBs) upto 15% of the then issued and subscribed capital of the Company 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. Constituted 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. Approved the Postal Ballot Notice and Postal Ballot Form for the aforementioned matter. |
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