|
| Exchange Received Time 25/10/2018 19:05:13 Exchange Disseminated Time 25/10/2018 19:05:21 Time Taken 00:00:08 | Kindly note that at the Meeting of the Board of Directors held today, the following decisions were taken by the Board:
(i) Mr. Vineet Nayyar and Mr. C. S. Rajan, Nominees of Infrastructure Leasing & Financial Services Limited (IL&FS) were appointed as Directors on the Board of the Company effective October 25, 2018.
(ii) The Board considered the proposal for divestment of its stake in certain road projects for easing the liquidity concerns and decided to seek assistance from the Financial and Transaction Advisors appointed by IL&FS for the process. In connection therewith, the Board authorized exploring various options and providing relevant information and access to counterparties in respect thereto, subject to execution of requisite confidentiality and non-disclosure agreements. Any sale would be subject to Board and other approvals as may be required. |
|
|