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| Exchange Received Time 15/06/2018 18:16:00 Exchange Disseminated Time 15/06/2018 18:16:03 Time Taken 00:00:03 | In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to hereby inform you that the Board of Directors of the Company has considered and approved the allotment of 23,95,000 equity shares of face value of Rs.10/- each ('Equity Shares') by a resolution passed by circulation, to persons other than the promoter and promoter group ('Strategic Investors') as mentioned below, at an issue price of Rs.229.50 (Rupees Two Hundred Twenty Nine and Paisa Fifty Only) per Equity Share including a premium of Rs.219.50 (Rupees Two Hundred Nineteen and Paisa Fifty Only) per Equity Share.
The said Equity Shares have been allotted to Vernalis Capital Private Limited.
The Preferential issue of these Equity Shares on a private placement basis has been earlier approved by the Board of Directors in their meeting held on May 04, 2018 and by the Members through the Postal Ballot on June 13, 2018.
Request you to please take the same on your records.
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