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| Exchange Received Time 12/03/2018 19:49:47 Exchange Disseminated Time 12/03/2018 19:49:53 Time Taken 00:00:06 | Outcome of Board Meeting under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
This is to inform you that the Company has received In-principle approval pursuant to Regulation 28(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for allotment of further Equity Shares and Optionally Convertible Debentures ('OCDs').
A Meeting of Board of Directors ('Board') of the Company held on 12th March, 2018, interalia, considered/approved following matters, under Resolution Plan in terms of applicable provisions of Companies Act, 2013 and SEBI regulations & guidelines:
Issuance and allotment of 297,315,000 Equity Shares on preferential basis of face value of Rs.10 each to the proposed allottees ; and
Issuance and allotment of 451,970,554 OCDs of face value of Rs.10 each to the consortium of Lenders on preferential basis
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