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Dhani Services Ltd - Board Meeting Intimation for Intimation Of Board Meeting Of Dhani Services Limited
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03 Mar 2021
Dhani Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/03/2021 ,inter alia, to consider and approve Regulations, 2015, as amended, please note that a meeting of the board of directors of the Company&lt;BR&gt; (the &apos;Board&apos;) would be held on Saturday, March 6, 2021 to, amongst others, consider and approve the&lt;BR&gt; issuance of sponsored American Depositary Receipts (&apos;ADRs&apos;) under a Level III program (not&lt;BR&gt; exceeding 15% of the existing share capital of the Company) pursuant to the transfer of underlying&lt;BR&gt; equity shares from eligible shareholders of the Company by way of a tender on the Indian exchanges&lt;BR&gt; for cash. Further, Board shall also consider and approve the issuance of, as required under relevant&lt;BR&gt; laws in connection with a Level III ADR program, equity shares for conversion into ADRs; and equity&lt;BR&gt; shares under a qualified institutions placement (not exceeding 15% of the post-issue share capital of&lt;BR&gt; the Company in aggregate). Each of these approvals from the Board shall be further subject to the&lt;BR&gt; approval of the members of the Company and other regulatory and/or statutory approvals, as&lt;BR&gt; applicable.
View all announcements for Dhani Services Ltd Source: BSE India

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