Dear Sir/Madam
Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 we are pleased to inform the Stock Exchange that the Board of Directors at their meeting held today i.e. 8th December 2020 at 232-B 3rd Floor Okhla Industrial Estate Phase-III New Delhi-110020 has considered and approved the proposal for raising of funds through issuance of new securities by way of Qualified Institutional Placement (QIP) and seeking approval of the members by way of Special Resolution for the same and in this regard we wish to submit as under:-
a) The Board has considered and approved raising of funds to the tune of amount not exceeding INR 400 Crores through new issue of equity shares by way of qualified institutions placement in accordance with the relevant provisions of applicable law and subject to approval of the Companys shareholders and receipt of applicable regulatory approvals.
Thanking You.
Ask Value Research 
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