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| Exchange Disseminated Time | BPL Ltd has submitted to BSE a copy of the Extra Ordinary General Meeting (EGM) of the Company to be held on March 29, 2012, to transact the following:
- Pursuant to Section 372A and all other applicable provisions of the Companies Act, 1956 subject to such approvals as may be necessary, consent of the Company be and is hereby accorded to the Board of Directors of the Company to invest by way of subscription, purchase or otherwise, in the equity share capital of the Subsidiary Company viz. Bharat Energy Ventures Limited, upto a sum not exceeding Rs. 40 Crores (Rupees Forty Crores only) notwithstanding that the aggregate of the investments so far made, securities provided, loans/
guarantees so far given by the Company along with the proposed investment exceed the limit as specified under
Sub-Section (1) of Section 372A of the Companies Act, 1956. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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