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| Exchange Received Time 02/05/2018 15:07:40 Exchange Disseminated Time 02/05/2018 15:07:46 Time Taken 00:00:06 | We wish to inform you that, consequent upon conversion of part of the outstanding debt amounting to Rs. 32.80/- Crores by RARE Asset Reconstruction Pvt. Ltd., (Rare ARC - an Asset Reconstruction Company registered under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002), pursuant to Section 9 (1) (g) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 as amended from time to time, the Company has allotted 59,63,636 equity shares of Rs. 10/- each of the Company at a premium of Rs.45/- per equity share to RARE Asset Reconstruction Pvt. Ltd.
The Meeting commenced at 2.00 P.M. and concluded at 3.00 P.M.
Kindly take above intimation on your record and oblige.
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