Teledata Informatics Ltd has informed that the Board of Directors of the Company at its meeting held on February 20, 2008, inter alia, has transacted the following business and unanimously passed the following resolutions:
1. Issue of shares under Qualified Institutional Placement: (QIP)
The Board has approved, subject to approval of the Shareholders at the EGM, to raise an amount up to Rs 500 Crores by way of Qualified Institutional Placement (QIP) of equity shares to Qualified Institutional Buyers at a price not less than the price arrived at in pursuance of Chapter XIIIA of SEBI (DIP) Guidelines.
2. To convene an Extraordinary General Meeting of the Company on March 19, 2008 to approve the Qualified Institutional Placement up to Rs 500 crores in pursuance of Chapter XIIIA of SEBI (DIP) Guidelines
3. Approved the Draft Notice convening the EGM.
1. Issue of shares under Qualified Institutional Placement: (QIP)
The Board has approved, subject to approval of the Shareholders at the EGM, to raise an amount up to Rs 500 Crores by way of Qualified Institutional Placement (QIP) of equity shares to Qualified Institutional Buyers at a price not less than the price arrived at in pursuance of Chapter XIIIA of SEBI (DIP) Guidelines.
2. To convene an Extraordinary General Meeting of the Company on March 19, 2008 to approve the Qualified Institutional Placement up to Rs 500 crores in pursuance of Chapter XIIIA of SEBI (DIP) Guidelines
3. Approved the Draft Notice convening the EGM.
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