SUZLON ENERGY LTD. - Outcome of Board Meeting
| < Back | |
| 26 Jul 2014 | |
| Suzlon Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2014, inter alia, has approved the following, subject however to the approval of the members at the ensuing Nineteenth Annual General Meeting of the Company :<br/><br/>1. Increase in Authorised Share Capital of the Company from Rs. 1,100 Crore to Rs. 1,500 Crores and alteration of the Capital Clause of the Memorandum of Association of the Company.<br/><br/>2. Issue of Equity Shares of the Company on preferential basis in terms of Chapter VII - "Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 for the sacrifice by ICICI Bank Limited in terms of the CDR Package to an extent of Rs. 6.40 Crores;<br/><br/>3. Issue of Securities to the extent of Rs. 5,000 Crores. (This is an enabling resolution to facilitate the Company to raise funds at an appropriate time should that be required). | |
| View all announcements for SUZLON ENERGY LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback