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| Exchange Received Time 25/05/2018 15:23:45 Exchange Disseminated Time 25/05/2018 15:23:52 Time Taken 00:00:07 | We hereby inform that the Board of Directors at their meeting held today considered and approved in-principle, the following fund raising proposals, which are subject to approval of the members at the ensuing Annual General Meeting:
(i) to raise funds by issue of Equity Shares / convertible Bonds / Debentures through Qualified Institutional Placement [QIP] / GDR / ADR, for an aggregate amount up to Rs. 10,000 crores,
(ii) to issue Secured / Unsecured Redeemable Non-Convertible Debentures / Foreign Currency Bonds on Private Placement Basis for an amount up to Rs. 3,500 crores in the Financial Year 2017-2018 and
(iii) to issue Foreign Currency Bond / Foreign Currency Convertible Bonds for an amount up to Rs. 5,000 crores. |
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