Sarda Energy & Minerals has informed that pursuant to the power of making investment in Wholly Owned Subsidiaries being vested in the Executives of the Company, the Company has infused a further sum of ? 48,22,78,100 (Rupees forty eight crore twenty two lakh seventy eight thousand one hundred only) in Sarda Energy, a wholly Owned Subsidiary of the Company for acquiring 2,83,693 equity shares of ? 10 each at a premium of ? 1,690 per equity share by subscribing the Rights Issue of Sarda Energy Limited. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are as enclosed.
The above information is a part of company’s filings submitted to BSE.
