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| Exchange Received Time 22/01/2018 22:07:21 Exchange Disseminated Time 22/01/2018 22:07:28 Time Taken 00:00:07 | Please refer to your letter dated January 22, 2018, granting in-principle approval under Regulation 28(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the captioned Placement.
The Project Funding Committee of the Board of Directors of the Company at their meeting held on January 22, 2018, has decided to open the issue of Equity Shares of the Company through Qualified Institutions Placement on January 22, 2018, in accordance with Chapter VIII and other applicable provisions of the SEBI ICDR Regulations and Section 42 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
In accordance with Regulation 85 of the SEBI ICDR Regulations, the floor price has been arrived at Rs. 277.30 per Equity Share.
We enclose herewith a Certified true copy of the resolution passed by the Project Funding Committee of Directors of the Company
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