BONUS, DIVIDEND, BONDS

Bonus Issue

The Board has recommended the issuance of one bonus share of Rs. 10/- for existing three equity shares of Rs. 10/- each fully paid up, subject to the shareholders approval.

Interim Dividend

The Board has approved payment of interim dividend for the FY 2016-17 @ 85% (Rs. 8.5 per equity share) on the paid-up equity share capital of the Company.

Fund raising by issuance of Bonds

The Board has approved issuance of secured /unsecured, redeemable, non-convertible, taxable Bond(s) upto Rs.750 crore with green shoe option upto 100% of issue size aggregating upto Rs.1,500 crore on a private placement basis, in one or more tranches.