This is in continuation to our earlier disclosure dated June 11, 2017, informing stock exchanges, about the approval of shareholders for issuance of Convertible Warrants (Warrants) on preferential basis to Mohair Investment and Trading Company Private Limited, being a company forming part of the Promoter Group of the Company.
In regard to the same, please be informed that that the Allotment Committee in its meeting held today, allotted 1,93,84,854 (One Crore Ninety Three Lakh Eighty Four Thousand Eight Hundred and Fifty Four) Warrants to Mohair Investment and Trading Company Private Limited (Warrant Holder) on receipt of Rs. 75,00,00,001.27/- (Rupees Seventy Five Crore and One and Paise Twenty Seven only), being the 25% (Twenty Five percent) of the warrant subscription amount (Upfront Warrant Subscription Amount) in terms of Regulation 77 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
A detailed letter in this regard is attached.
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