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Exchange Received Time  28/04/2017 18:54:25 Exchange Disseminated Time 28/04/2017 18:54:30 Time Taken 00:00:05 | We wish to inform you that, pursuant to and in terms of applicable provisions and shareholders' authorization dated April 25, 2017, the Company has today i.e. April 28, 2017, issued and allotted an aggregate of 3,38,00,000 (Three Crores Thirty Eight Lacs) Warrants, convertible into an equivalent number of equity shares of face value of Rs. 2 each of the Company, at an exercise price of Rs. 43.75 (including a premium of Rs. 41.75) per equity share to the Promoter Group entities, namely, Inuus Properties Private Limited (1,70,00,000 warrants) and Inuus Developers Private Limited (1,68,00,000 warrants). The allotment of these Warrants is in accordance with Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended. |
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