|
| Exchange Received Time 20/02/2019 13:07:00 Exchange Disseminated Time 20/02/2019 13:07:06 Time Taken 00:00:06 | Dear Sir/ Madam,
Pursuant to the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. We wish to inform you that members of the Committee of Directors (Investments/ Loans) in their meeting held on 20.02.2019 has decided to invest fund from loan(s)/ internal accruals to the extent of Rs. 50 Crore (Rupees Fifty Crores) in the equity shares of Apollo Tyres Ltd. through open Market Purchase in one or more tranches.
The Committee has also authorized to borrow funds for an amount not exceeding Rs.40 Crores.
The Meeting commenced at 11.30 A:M and concluded at 12.50 P:M
Please take the above information on your records.
|
|
|