This is to inform you that the Board of Directors ('Board') at its meeting held today i.e. on December 16, 2021, has passed resolution for investing the surplus funds of the Company not exceeding INR 7,50,00,00,000/- (Indian Rupees Seven Hundred and Fifty Crores only) for strategic acquisitions and investments in automotive ecosystem, by way of subscription, purchase or otherwise, the securities of any other body corporate from time to time in one or more tranches as the Board may in their absolute discretion deem beneficial and in the interest of the Company, subject to applicable laws.
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