“Subsequent to the passing of enabling special resolution by the shareholders of RFL with respect to ‘Item No 5’, RFL has not placed any proposal with NRC till date for grant of above mentioned ESOPs to CMD. Since no new shares were issued/allotted in the matter, there is no contravention of the Reg 26 (6) of the SEBI Takeover Regulations,” the company said in a statement.
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