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Outcome of board meeting of Gitanjali Gems

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Capital Market
Last Updated : Sep 28 2017 | 8:47 PM IST

Held on 28 September 2017

The Board of Gitanjali Gems transacted the following -

1. To issue Fully Convertible Debentures to HT Media on preferential basis on such terms and conditions and on such price as determined by the Board in accordance with the provisions of Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), Regulations, 2009 and other applicable statutory provisions.

2. To approach the shareholders of the Company through Postal Ballot pursuant to Section 110 of the Companies Act, 2013 to seek approval on the issuance of Fully Convertible Debentures to HT Media.

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First Published: Sep 28 2017 | 8:15 PM IST

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