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Outcome of board meeting of Fiberweb (India)

The Board of Directors of Fiberweb (India) at its meeting held on 02 December 2015 approved the following -

Approved the derating of existing equity by 40% as per BIFR order.

Approved the issue of new shares to promoters and strategic investors on preferential basis as per BIFR order.

Borrowing power of the Board of Director has been modified by additional Rs 300 crore over and above the share capital and free reserves of the company.

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