Pursuant to the aforesaid approval, the Company has, at present, agreed to acquire 20,000,000 equity shares of SISL, having a face value of Rs. 10/- each, aggregating to a consideration of about Rs. 20 crore.
The balance investment amount of about Rs. 80 crore shall be infused in one or more tranches from time to time, depending upon the future fund requirements of SISL and prevailing terms and conditions at that time.
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