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| Exchange Received Time 20/12/2017 15:16:10 Exchange Disseminated Time 20/12/2017 15:16:16 Time Taken 00:00:06 | Sub: Intimation on the outcome of the Board Meeting held on 20th December 2017 - Clarification
Kindly refer our letter of even date intimating the outcome of the Board meeting held today. In this regard, we request you to kindly read the content related to issue of masala bonds as follows:
Issuance of 3500 Masala bonds in the nature of Secured Redeemable, Non-Convertible Debentures of a face value of Rs.1 crore each at par aggregating to USD 500 million (Rs.3500 crores) in one or more tranches on private placement basis;
Kindly take the above information on record and acknowledge receipt.
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