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| Exchange Received Time 05/01/2018 19:22:01 Exchange Disseminated Time 05/01/2018 19:22:08 Time Taken 00:00:07 | This is in continuation to our earlier disclosure dated January 03, 2018, informing BSE Limited, about the approval of the Board of Directors for issuance of convertible warrants on preferential basis to BG Advisory Services LLP, being a corporate entity forming part of the Promoter Group of the Company, up to a maximum amount of Rs. 300,00,00,000/- (Rupees Three Hundred Crore only), subject to shareholders' approval.
In regard to the same, we wish to inform you that the price per convertible warrant derived as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 is Rs. 74.60/- .
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