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| Exchange Received Time 30/05/2018 17:12:04 Exchange Disseminated Time 30/05/2018 17:12:10 Time Taken 00:00:06 | Sub: Outcome of the Board Meeting held today: May 30, 2018
This is to inform that at the Meeting of Board of Directors held today i.e. May 30, 2018, the Board has approved the proposal for Investment in the entire issued and outstanding equity share capital viz., 5, 00,000 equity shares of Rs. 10 each of 3M Electro & Communication India Private Limited for an amount not exceeding Rs.590 crores pending balance due diligence. This being a Related Party Transaction, the Board further decided to seek approval of the Shareholders through the Postal Ballot.
The Meeting commenced at 2.50 P.M. and concluded at 4.55 P.M.
Kindly bring this to the notice of the members of the Exchange.
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