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| Exchange Disseminated Time | | Vardhman Textiles Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 25, 2010, inter alia, to issue, offer and allot equity shares to the Qualified Institutional Buyers (QIBs) as per the SEBI Regulations, on the basis of placement document(s), at such time or times in one or more tranche(s), at such price being not less than the price determined in accordance with the pricing formula under the SEBI Regulations, and on such terms and conditions and in such manner as the Board may, in its absolute discretion determine in consultation with the Merchant Bankers, Advisors or other intermediaries, provided that the aggregate issue amount shall not exceed Rs. 200 crore only (Rs. Two Hundred Crore only (inclusive of such premium payable on the Equity Shares), subject to necessary provisions & approvals. |
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