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( 11 Jan 2019)
Hind. NationalGl - Outcome of Board Meeting

Intimatunder regulation of SEBI Listing Obligations
and Disclosure Requirements) Regulations, 2015
raising of funds up to INR 3,936,422,667 by way of creating, offering and issuing ('Proposed Preferential Issuance'),up to 46,990,840 (Forty-six million nine hundred ninety thousand eight hundred forty) compulsorily convertible preference shares of face value of INR 2 (Indian Rupees Two), each at an issue price of INR 83.77(Indian Rupees eighty three point seven seven), to Lotus One Investment Pte. Ltd., a company established under the laws of Singapore and having its registered office at 7500A Beach Road, #13-320, The Plaza, Singapore - 199 591 ('Investor') on a private placement basis, subject to receipt of shareholders' and other necessary approvals (including applicable governmental, statutory and regulatory approvals) and compliance with applicable law and regulations; and
convening an extraordinary general meeting on 20 February 2019 to approve the Proposed Preferential Issuance.