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PTL Enterprises Ltd — Capital/Financing Update 2019
Feb 20, 2019
59175_rns_2019-02-20_956252fd-d398-4994-bd51-01e29f20a8a9.pdf
Capital/Financing Update
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PTL ENTERPRISES LIMITED
Website: www.ptlenterprise.com I E.mail: [email protected] I CIN. L25111KL1959PLC009300
Dated:20.02.2019
The Secretary National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 Trading Symbol: PTL
The Secretary BSE Ltd PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 40000 I Scrip Code:509220
Sub: Outcome of the Meeting of Committee of Directors (Investments/ Loans)held on 20th February, 2019
Dear Sir/ Madam,
Pursuant to the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. We wish to inform you that members of the Committee of Directors (Investments/ Loans) in their meeting held on 20.02.2019 has decided to invest fund from loan(s)/ internal accruals to the extent of Rs. 50 Crore (Rupees Fifty Crores) in the equity shares of Apollo Tyres Ltd. through open Market Purchase in one or more tranches.
The Committee has also authorized to borrow funds for an amount not exceeding Rs.40 Crores.
The Meeting commenced at 11.30 A:M and concluded at 12.50 P:M
Please take the above information on your records.
Thanking you Yours Faithfully
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Pradeep KUIMr => Company S8aelsJy (F4171) · B-39, Vikalp Appta. Pio& No. 92, l.P. Extn., Delhi-110092
Corporate Office: C/o Apollo Tyres Limited, Apollo House, 7, Institutional Area, Sector -32, Gurgaon -122001 ( Haryana) Tel.: (0124) - 2383002, 2383003, Fax: (0124) - 2383021, 2383017 Registered Office : 3rd Floor, Areekal Mansion, Near Manorama Junction, Panampilly Nagar, Kochi -682036 Tel.: (0484) - 4012046, 4012047, (Fax) : {0484) - 4012048