|
| Exchange Received Time 04/05/2018 13:15:20 Exchange Disseminated Time 04/05/2018 13:15:25 Time Taken 00:00:05 | Further to our letter dated April 30, 2018 and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please note that the Board of Directors of the Company, at its meeting held on May 4, 2018, considered and approved, subject to the approval of the shareholders, the issue of 1,27,65,000 equity shares of the Company of the face value of Rs. 5 each ('Equity Shares') at a price of Rs. 783.50 (which includes a premium of Rs. 778.50 per Equity Share) aggregating to Rs. 1000,13,77,500 (Rupees One Thousand Crore Thirteen Lakh Seventy Seven Thousand and Five Hundred) to Gamnat Pte. Ltd. ('Investor'), on preferential basis.
With respect to the above investment, the Company would be entering into an investment agreement with the Investor prior to the date of the aforesaid Extra Ordinary General Meeting.
The Board meeting commenced at 11:30 a.m and concluded at 1:00 p.m.
request you to kindly take the same on record.
|
|
|