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27 June 2017
Reliance
Industries on Monday said that it will seek shareholder's approval to issue
redeemable non-convertible debentures on private placement basis to raise Rs
25,000 crore.
The
company told the BSE that it will hold its fortieth annual general meeting
(AGM) on Friday, July 21, 2017 in Mumbai. The
Total Investment & Insurance Solutions
According
to the agenda of the AGM, the company seeks shareholders approval to offer or
invite subscriptions for secured, unsecured redeemable non-convertible
debentures, in one or more series, tranches, of an aggregate nominal value up
to Rs 25,000 crore, on private placement.
Further,
the company will seek shareholders approval to declare a dividend at the rate
of Rs 11 per equity share of Rs 10 each fully paid-up of the company for the
financial year ended March 31, 2017. The
Total Investment & Insurance Solutions
Other
important agenda items include re-appointment of Nita M. Ambani as a Director
of the company. She retires by rotation at the upcoming AGM meet.The Total Investment & Insurance Solutions
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