|
| Exchange Disseminated Time | SREI Infrastructure Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2013, inter alia, has also taken the following;
1. The Board has approved to raise funds by way of a public issue of Secured, Redeemable, Non-Convertible Debentures not exceeding Rs. 15,000 million, in one or more tranches during the Financial Year 2013-14 pursuant to the provisions of the
Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 and other applicable laws.
2. Increase in the Authorised Share Capital of the Company from existing Rs. 810,00,00,000 (Rupees Eight Hundred and Ten crores only) to Rs. 1500,00,00,000 (Rupees Fifteen Hundred crores only) by creation of additional 29,00,00,000 Equity Shares of face value of Rs. 10/- each and 4,00,00,000 Preference Shares of face value of Rs. 100/- each. subject to Shareholders’ approval at the ensuing Annual General Meeting (AGM) of the Company and other requisite approvals.
3. The Board has approved the proposal to create, offer, issue and allot Redeemable Non-Convertible Preference Shares upto an amount not exceeding Rs. 500,00,00,000 (Rupees Five Hundred Crores only) in one or more tranehes, on such terms and conditions and at such time or times as may be decided by the Board of Directors and/or Committee of Directors of the Company subject to Shareholders’ approval at the ensuing Annual General Meeting (AGM) of the Company and other requisite approvals. |
|
|