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| Exchange Received Time 07/03/2018 21:01:33 Exchange Disseminated Time 07/03/2018 21:01:36 Time Taken 00:00:03 | Dear Sir / Madam,
We wish to inform you that subsequent to the approval accorded by the Board of Directors of the Company (the 'Board') at its meeting held on January 31, 2018 and approval accorded by the Members of the Company for the Preferential Issue through their resolution dated March 7, 2018, passed by way of postal ballot, the Committee of Directors of the Company
(the 'Committee'), at its meeting held today, approved the price of Rs.185.51 per Equity Share, which is the floor price calculated in accordance with SEBI Regulations (including a share premium of Rs. 175.51 per Equity Share), at which 10,78,10,899 Equity Shares under Preferential Issue will be issued to Larsen & Toubro Limited, Promoter of the Company.
We request you to take the above on record and the same be treated as compliance under Regulation 30 and other applicable regulations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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