Summary of Key Information:
Series: EQ
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Corporate Actions:
The Board of Directors approved the temporary interim investment of unutilized proceeds received from the preferential issue, aggregating to ₹287,49,97,125 (Rupees Two Hundred Eighty Seven Crores Forty Nine Lakh Ninety Seven Thousand One Hundred Twenty Five only).
Permitted investment instruments include:
- Money market instruments/schemes
- Money market mutual funds
- Liquid funds
- Overnight funds
- Other suitable debt-oriented schemes/instruments
- Fixed deposits with scheduled commercial banks
- Securities issued by the Government of India
- Other investments as permitted under applicable laws
Such investments shall be made solely for interim deployment of the unutilized funds and shall be realized as and when the funds are required to be utilised towards the objects of the Preferential Issue.
Meeting Details:
The meeting commenced at 3:30 PM and concluded at 4:10 PM.