This is to inform that the Board of Directors of the Company at its meeting held today i.e. Monday, December 17, 2018 at 807, 8th floor, the Capital, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 considered and approved Offer and issue non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures up to an aggregate amount not exceeding Rs.150,00,00,000/- (Rupees One Hundred and Fifty Crore only) (the "Debentures") on private placement basis.