The Board of Directors of Hemisphere Properties India Limited on Wednesday, February 24, 2021, will consider on the proposal to raise funds of Rs. 700 crores (Rupees Seven Hundred crore only) by issuing Non-Cumulative Redeemable Preference Shares on private placement basis in one or more tranches to the Promoter i.e Government of India in accordance with the applicable provisions of Companies Act, 2013 and Listing regulation wherever applicable subject to the approval of the Members by way of Postal Ballot.

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