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| Exchange Disseminated Time | | In continuation of the Board's in-principle approval dated February 27, 2014, in relation to issue of equity shares on right basis, Shree Renuka Sugars Ltd has now informed BSE that the Board of Directors of the Company at their meeting held on August 13, 2014, inter alia, approved and revised the Rights Issue size from Rs. 7,254 million to an amount not exceeding Rs. 7,500 million, to the existing equity shareholders of the Company on a rights basis ("Rights Issue"), for a price not exceeding Rs. 16/- per Equity Share, subject to all applicable statutory and regulatory approvals. The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price. Issue size, record date etc. shall be decided by a committee of Board constituted for this purpose ("Rights Issue Committee") in consultation with the Lead Manager to the Rights Issue. |
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