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| Exchange Received Time 21/12/2017 16:12:20 Exchange Disseminated Time 21/12/2017 16:12:27 Time Taken 00:00:07 | In compliance with Regulation 30of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that pursuant to the finalization of basis of allotment of the Rights Issue in consultation with BSE Limited, the Rights Issue Committee of the Board of Directors of the Company at their meeting held today i.e.Thursday, December 21, 2017 at the Registered Office of the Company inter alia, has considered and approved the following:
1. Allotment of 1,65,19,304 fully paid up Rights Equity Shares of face value of Rs.2/- each at a price of Rs.26/- per Rights Equity Share including a share premium of Rs.24/- per Rights Equity Share, to the Eligible Equity Shareholders of the Company.
Pursuant to above, the paid-up equity share capital of the Company stands to increase to Rs.16,51,93,038/- divided into 8,25,96,519 equity shares of Rs.2/- each.
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