At meeting held on 30 July 2015
Sutlej Textiles and Industries announced that the Board of Directors of the Company at its meeting held on 30 July 2015, inter alia, has considered and decided / approved the following:Raising of funds for an amount not exceeding Rs.125 crore through issuance of securities including equity shares or equity linked securities, including through a qualified institutional placement under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, (the ICDR Regulations), and/or issuance of Equity Shares through convertible bonds, depository receipts and/or any other instrument convertible or exchangeable into equity shares, and/or other securities, with or without warrants, to eligible investors subject to the provisions of Section 62(1 )(c) and all other applicable provisions of law.
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