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| Exchange Disseminated Time 30/09/2015 10:11:18 | Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2015, inter alia, has considered and approved the following matters :
1. Approved the proposal to raise funds upto Rs. 800 crores (Rupees Eight Hundred Crore) by issue of equity shares at such premium as may be decided, on private placement basis, through Qualified Institutional Placement (QIP) or any other permissible mode to meet expansion in the existing business at existing and new location for Inorganic growth opportunities, Value added products manufacturing and related products.
2. Decided to take approval of Shareholders through Postal Ballot (including E-voting) Process for raising the funds and other matters requiring shareholders' approval.
3. Mr. Amit Jain has been appointed as Non-Executive-Independent Director on the Board of the Company. |
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