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Exchange Received Time  23/03/2018 08:31:53 Exchange Disseminated Time 23/03/2018 08:31:59 Time Taken 00:00:06 | Please refer to our letter dated March 20, 2018 intimating you about the meeting of the duly authorised Corporate Management Committee of the Board of Directors of the Company to be held on March 23, 2018 in respect of the QIP. We wish to inform you that in respect of the QIP, the Corporate Management Committee of the Board of Directors the Company at its meeting held today i.e. March 23, 2018 from 8.00 A.M. to 8.30 A.M., has, inter alia, passed the following resolutions: a. Approved the closure of the issue period for the QIP today i.e. March 23, 2018; b. Determined and approved the issue price of Rs. 233.00 per Equity Share (including a premium of Rs. 232.00 per Equity Share), determined as per the formula prescribed under Regulation 85(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the QIP; c. Approved and adopted the placement document dated March 23, 2018, in connection with the QIP; and d. Approved the confirmation of allocation note to be sent to the qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the QIP. Accordingly, subject to receipt of application money from the successful qualified institutional buyers and completion of other formalities, the Company proposes to issue and allot up to 51,502,145 Equity Shares at the abovementioned issue price aggregating to a total issue size of approximately Rs. 1,200 crores. Please find attached the copies of the resolutions passed by the Corporate Management Committee of the Board. We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
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