Held on 20 April 2015
Ortel Communications announced that the Board of Directors of the Company at its meeting held on 20 April 2015, inter alia, has discussed and approved the following items :1. Revision of terms of finance lease from CISCO by increasing the finance lease amount up to USD 1.00 million (in equivalent INR) from earlier amount of USD 05.00 Million with same rate interest and reduction of earlier bank guarantee of 40% to 20% to part finance capex requirement.
2. Review and noting of utilization of IPO proceeds.
3. Date of Annual General Meeting and notice calling the AGM.
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