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| Exchange Disseminated Time | Torrent Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 23, 2016, inter alia, to consider the proposal for raising of funds by way of:
- Issue of Equity shares including Convertible Bonds / Debentures through Qualified Institutional Placements (QIP) and / or Depository Receipts and / or any other modes.
- Issue of Unsecured / Secured Redeemable Non-Convertible Debentures/ Bonds by way of Private Placement.
If approved by the Board of Directors, the Postal Ballot shall be held to take Shareholder’s approval for the same.
Further, as per the provisions of the Code of Conduct to Regulate, Monitor and Report Trading by Insiders of the Company, the trading window will remain closed between March 21, 2016 to March 25, 2016. |
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