We wish to inform you that a meeting of the Board of the Company was held today (10/7/2020) to discuss and consider a term sheet from Markab Capital a strategic investor for the issuance and allotment of equity shares by way of preferential issue for total value of upto Rs.250 crores subject to satisfactory completion of due diligence and definitive agreements.
The board has approved signing the term sheet subject to due diligence statutory regulatory and other approvals and has authorised the management to proceed with the necessary discussions and actions to proceed with this transaction.
Markab capital is a Middle East focused Multi Family Office and Merchant bank. Markab has around US$ 1 Billion in assets under management and has significant experience in investments in EPC and construction companies as well as telecom and real estate.
The meeting commenced at 04.00 P.M. and concluded at 10.20 P.M.
We request you to kindly take the same on record and confirm.
Ask Value Research 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
