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| Exchange Disseminated Time 12/08/2016 08:07:42 | IL&FS Engineering and Construction Company Ltd has informed BSE that the Board of Directors of the Company in its meeting held on May 30, 2016 had resolved, subject to statutory and other approvals, to issue preference shares for an amount upto Rs. 50,000 lakhs on preferential basis to meet general corporate requirements. The Board of Directors of the Company in its meeting held on August 11, 2016 has resolved, subject to statutory and other approvals, to modify the aforesaid resolution to raise by way of issue of preference shares on preferential basis and/or equity shares/convertible securities through QIP/Rights issue/public issue or in any combination thereof aggregating for an amount upto Rs. 50,000 lakhs
The Board, subject to the approval of Members of the Company, appointed Mr. Debabrata Sarkar as Non-Executive Independent Director of the Company w.e.f. August 11, 2016. |
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