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Exchange Received Time  29/11/2019 16:47:41 Exchange Disseminated Time 29/11/2019 16:47:49 Time Taken 00:00:08 | Pursuant to the requirements of provisions of Regulation 30, and Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), we wish to inform you that the Committee of Directors of the Company today i.e. Friday, November 29, 2019, through a resolution passed by circulation in accordance with the requirements of the Companies Act, 2013 (approval received from all members by 4.31 p.m.) approved the offer and issuance of up to 60,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares ("CRPS") of face value of Rs. 100 at par aggregating to a nominal amount of up to Rs. 60,00,00,000 on a private placement basis at the dividend rate of 7.60% p.a. payable annually. |
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