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Outcome of Board Meeting

| Updated on February 24, 2016 Published on February 24, 2016

Deepti Alloy Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 24, 2016 have approved investment to the extent of Rs. 30,70,500/- (Rupees Thirty Lakhs Seventy Thousand and Five Hundred Only) in the Equity Shares of M/s. Shankheshwer Infraproject Private Limited.

As per the proposal, the Company (M/s. Deepti Alloy Steel Limited) will acquire 100% Equity Shares comprising of 10,000 Equity Shares of Rs. 10/- each of M/s. Shankheshwer Infraproject Private Limited, a Company registered under the Companies Act, 1956 at a price of Rs. 307.05/- (Rupees Three Hundred Seven and Five Paise Only) per share.

The Details of the Target Company (M/s. Shankheshwar Infraproject Private Limited) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed.

Pdf Link: >Outcome of Board Meeting

Source : BSE - >www.bseindia.com

Published on February 24, 2016
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