Held on 22 September 2014
CESC announced that the Board of Directors of the Company at its meeting held on 22 September 2014, has resolved to issue offer and allot, subject to the approval of the members of the Company in terms of the provisions of the Companies Act, 2013 and of other applicable laws, regulations etc., equity shares / fully convertible debentures / partly convertible debentures / non-convertible debentures with warrants / any other securities (collectively referred to as 'QIP Securities') to Qualified Institutional Buyers ('QIBs') on private placement bases as per the SEBI (ICDR) Regulations, 2009 whether or not such QIBs are members of the Company, at such time or times, in one or more tranche or tranches, at par or at such price or prices, and on such terms and conditions as may be determined later, provided that the aggregate amount to be raised by issue of QIP Securities shall not exceed a sum of US$150 million or rupee equivalent thereof.At the aforesaid meeting, it has also been decided to hold a general meeting of the members of the Company for the above purpose on 18 October 2014.
In the aforesaid meeting, the Board has also decided to appoint Pratip Chowdhury as an Additional Director of the Company from 01 October 2014 and also as its Independent Director for a term of five years with effect from the said date.
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