Pursuant to Regulations 30 the Board of Directors of the Company has inter alia considered and approved the sale by the Company of up to 9,06,360 equity shares, representing up to 12.02% of its equity share capital of BirlaNu Limited ('Target Company'), by way of an inter-se transfer in accordance with Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Takeover Regulations') and other applicable laws