In a regulatory filing the company has said that the "
The issuance would however be subject to the approval of regulatory or statutory authorities including the
Further, it said that as a result of the proposed issue, the board approved the increase in the authorised preference share capital from ₹250 crore to ₹500 crore and consequential changes to the Capital Clause of the Memorandum of Association of the company.
For the purpose of giving effect to the above issuance of OCCRPS, the board has authorised a committee to decide on various matters related to issuance of such OCCRPS.
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