Outcome of Board Meeting under Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
We wish to inform you that the Board of Directors of the company at its meetings held today i.e on October 11, 2017 approved the issue and allotment of 26000000 equity shares of face value of Rs. 1/- each to the Qualified Institutional Buyers at the issue price of Rs. 3.05/- per equity shares including premium of Rs. 2.05/- per equity shares aggregating to Rs 7.93/- Crore.
We request you to kindly take the same on your record and same be treated as compliance under applicable clause of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
Source : BSE