Board Meeting-Outcome of Board Meeting

| Updated on February 19, 2018 Published on February 19, 2018

This is in furtherance of our intimation dated Feb 14, 2018, in respect of the meeting of Committee of Directors of the Company, to be held on or after Feb 17, 2018 in respect of QIP. We wish to inform you that in connection therewith, the Committee of Directors has, at its meeting held today i.e. Feb 19, 2018, inter alia, passed the following resolutions:
i.authorizing the closure of the QIP today i.e. Feb 19,2018;
ii.approving and adopting the Placement Document dated Feb 19, 2018, in connection with the QIP; and
iii.approving the Issue Price for the QIP, being Rs. 140 per Equity Share (including a premium of Rs. 130 per Equity Share), which is at a discount of 4.18% to the Floor Price of Rs. 146.11, determined in accordance with the pricing formula provided under Regulation 85(1) of the ICDR Regulations.

The above information is given pursuant to the provisions of Regulation 29 and 30 of the SEBI (LODR) Regulations, 2015.

Pdf Link: Board Meeting-Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on February 19, 2018
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