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18th August 2009

Intimation Sent to Stock Exchange : Raising of Funds upto U.S. $ 150 Million

Pursuant to Clause 22 of the Listing Agreement, we would like to inform that the Board of Directors of the Company at its Meeting held today, subject to the required approvals being obtained, including approval of the Members of the Company, approved raising of resources upto U.S. $ 150 million or Rupee equivalent thereof by issue of securities including equity or equity linked securities, on terms to be decided by the Board, to meet Company’s long term financing requirements.