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| Exchange Disseminated Time 10/08/2016 16:14:46 | Nandan Denim Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2016, inter alia, has approved the issue of convertible warrants, for an amount not exceeding Rs. 100.00 crores on preferential basis to select group of investors (Promoter and / or Non-Promoter) in accordance with SEBI (ICDR) Regulations, 2009, at a price higher than the minimum price calculated in accordance with Regulation 76 of ICDR, subject to the approval of the shareholders and necessary permissions and sanctions from concerned regulatory authorities.
The meeting of the Board of Directors of the Company commenced at 12.00 p.m. and concluded at 3.20 p.m. |
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