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| Exchange Disseminated Time | | TIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 25, 2011, inter alia, has accorded its consent to the proposal of private placement of Equity Shares and / or other Securities for an amount not exceeding Rs. 2500 million in one or more tranches to Qualified Institutional Buyers by way of Qualified Institutional Placement in accordance with Chapter VIII of Securities and Exchange Board India (Issue of Capital and Disclosure Requirement) Regulations, 2009. The said consent of Board is subject to the approval of shareholders of the Company by way of postal ballot pursuant to Section 192A of the Companies Act, 1956 and Rules made there under. Further to above, pursuant to Section 192A of the Companies Act, 1956 and the Rules made there under, the Board has appointed Mr. Tarun Chatterjee of M/s T. Chatterjee & Associates, Practicing Company Secretaries, to act as Scrutinizer of the postal ballot process. |
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