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BSE SENSEX
72,488.99
-454.69
-0.62 %
Corporate Announcement
Security Code
500390
Company
RELIANCE INFRASTRUCTURE LTD.
Exchange Received Time
14/05/2018 18:07:36
Exchange Disseminated Time
14/05/2018 18:07:43
Time Taken
00:00:07
Board Meeting-Outcome of Board Meeting |
5/14/2018 6:07:37 PM
Further to our letter dated May 9, 2018 and pursuant to Regulation 30 of the SEBI (LODR), we wish to inform you that, at the Board meeting held today i.e. May 14, 2018:
a. The Board noted the Company's focus on 'asset light' and 'high growth' EPC business being pursued by the Company
b. The Board also noted some of the prestigious awards recently won by the Company
c.In view of the above, the Board agreed to further strengthen the Company's net worth and capital adequacy and enhance the ability to avail non-funded lines of credit including bank guarantees, as per the norms of the EPC business.
d.The Board approved the Company augmenting long term resources by issue of equity shares by way of Rights Issue to the existing shareholders and/or through Qualified Institutions Placement, for an amount up to Rs. 3,000 crore.
e. The Board constituted a Committee of Directors in this behalf to decide the mode of issue, issue price, timing of issue and all other related matters.
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