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| Exchange Received Time 29/03/2017 19:32:24 Exchange Disseminated Time 29/03/2017 19:32:29 Time Taken 00:00:05 | | 1. Allotment of 1,20,00,000 (One Crore Twenty Lakh) Unsecured Zero Coupon Compulsory Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each convertible into 12,00,00,000 (Twelve Crore) 2% Non-Cumulative, Non-Convertible, Redeemable Preference Shares of face value of Rs. 100/- (Rupees One Hundred Only) each, in one or more tranches for an amount not exceeding Rs.1,200,00,00,000/- (Rupees Twelve Hundred Crore Only) pursuant to conversion of Advances made from time to time, in compliane with CDR Package, to M/s Videocon Telecommunications Limited. 2. Took note of the Resignation of Mr. Rahul Sethi as an Independent Director w.e.f. 10th March, 2017. 3. Considered and approved the appointment of Mr. Arvind Somani as an Additional Director (Independent - Non Executive) in place of Mr. Rahul Sethi w.e.f. 29th March, 2017. |
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