c) The Board of Directors has considered and approved raising of funds through issuance and allotment of equity shares of ??? 10 each (???Equity Shares???) to the eligible equity shareholders of the Company on Rights basis, on such terms and at such price and ratio as may be decided by the Board or a duly constituted committee of the Board at a later date, as on the record date (to be notified subsequently), for an amount not exceeding ???250 Crores, subject to receipt of regulatory/statutory approvals, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and rules made thereunder, as amended from time to time (???Rights Issue???).The Board has re-constituted the right issue committee and the right issue committee shall have the powers to decide all terms and conditions for Rights Issue and the matters connected and incidental thereto, including appointment of all the required intermediaries like Merchant Banker, Legal Counsel, Registrar, Escrow Bankers to the Rights Issue, etc.
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