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| Exchange Received Time 25/10/2018 15:37:27 Exchange Disseminated Time 25/10/2018 15:37:36 Time Taken 00:00:09 | In continuation of our letter of today's date submitting the Un-Audited Standalone and Consolidated Financial Results for the Quarter & half year ended on 30th Sept 2018 and in compliance with Regulation 30 (2) and Regulation 30 (6) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors has at its meeting held today, approved the issue of equity shares of the Company ('Equity Shares') by way of a rights issue to the existing shareholders of the Company on the record date to be fixed for the purpose, subject to such regulatory / statutory approvals as may be required, for an amount not exceeding Rs.5,000 crores, in accordance with the applicable provisions of the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (with effect from November 10, 2018), as applicable, along with other applicable laws (the 'Issue').
Further, for the purpose of giving effect to the Issue, the Board has authorized the 'Finance Committee', a sub-committee of the Board of Directors, to decide on the terms and conditions of the Issue including the rights entitlement ratio, issue price, record date, timing of the Issue and other related matters.
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