The members of PSL have accorded the board to issue, offer and allot with or without an over allotment / green shoe / option in one or more tranches in the course of domestic / international offering(s), equity shares or securities which are convertible into or exchangeable with equity shares or preference shares cumulative or non-cumulative which are convertible / into or exchangeable with equity shares to QIB's for an aggregate sum not exceeding US$ 125 million.This was accorded at the extra ordinary general meeting held on 17 January 2008.
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