Dhanada Corporation has received an approval for investment in the securities of Cleanfield Alternative Energy Inc., Corporation having its registered office at Toronto and listed on Toronto Stock Exchange Venture by way of subscription, purchase, exchange of shares or otherwise and giving loans and / or guarantees in connection with loan(s) given by any other person to the said corporation, up to a aggregate sum of Rs 7 crore in one or more tranches.
The board at its meeting held on November 09, 2012 has approved for the above. Besides, the above sum of Rs 7 crore is within the limits approved by the shareholders of the company pursuant to the Companies Act, 1956, subject to RBI guidelines in this regard.
Further, the board has also authorized Chairman and Managing Director of the company to decide the quantum and terms and conditions with regard to the investment in the said corporation.
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| ITC Hotels | 162.25 |
| EIH | 332.35 |
| Chalet Hotels | 791.05 |
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