Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting regarding Rights Issue approval under Regulation 30 of SEBI Listing Regulations
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board of Directors has approved the issuance of partly paid-up equity shares of face value ₹10 each for an amount not exceeding ₹1,000 crore (Rupees One Thousand Crore only) by way of a rights issue to eligible equity shareholders of the Company as on a record date to be determined and notified subsequently.
The rights issue is subject to regulatory and statutory approvals as required under applicable law, including compliance with:
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Companies Act, 2013
- Other applicable laws
Specific terms of the rights issue including rights issue price, rights entitlement ratio, record date, timing of the issue, and terms of payment will be determined by the Board and disclosed to the exchanges in due course.
The total number of securities to be issued will be determined by the Board.
Other Significant Information:
Not Specified