Vora Constructions has received an approval to discontinue the activities relating to Non-Banking Finance Company (NBFC) business from December 31, 2014 other than as permitted under Companies Act, 2013. The board of directors at their meeting held on December 08, 2014 has discussed and approved for the same.
The company has also received approval to take steps to surrender the NBFC Registration; and to take up business of works contract, constructions & development of commercial and residential properties as per the Main Objects of the Company.
Further, the board approved to raise further funds for the above activities through issue of 60 lakh Equity Shares / Optionally Convertible Warrants on Preferential basis as per SEBI Regulations to Promoter Group, Strategic Investors & Other Prospective Investors as it may deem fit in order to meet its long term working capital requirement & general business purpose.
Company Name | CMP |
---|---|
Bajaj Finance | 6774.15 |
Shriram Finance | 2476.55 |
Aditya Birla Capital | 231.65 |
SBI Cards AndPayment | 727.85 |
Chola Invest & Fin. | 1168.30 |
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