At meeting held on 22 January 2015
Deepak Nitrite announced that the Board of Directors of the Company at its meeting held on 22 January 2015, inter alia, has considered and approved the following:1. Raising of funds by way of a Qualified Institutions Placement of equity shares in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time and other applicable laws, up to an amount not exceeding Rs. 200 crore, subject to the approval of members of the Company.
2. To conduct Postal Ballot for obtaining the authority / approval of the members of the Company for raising funds by way of a Qualified institutions Placement as mentioned above.
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