Hindustan Motors has informed that subsequent to the approval of the shareholders at the Annual General Meeting held on September 25, 2014, the Board of Directors of the Company at its meeting held on September 29, 2014, has allotted the securities on preferential basis to the lenders (Banks and Financial Institutions) in accordance with approval of Corporate Debt Restructuring Empowered Group granted at its meeting held on June 28, 2014.
The above information is a part of company’s filings submitted to BSE
