Reddy Housing has informed that the Board of Directors of the Company at its meeting held on April 17, 2015, has considered and approved the Issue of 220 Nos. of Non Convertible Debentures at face value of Rs 10,00,000 each at par to eligible investors on private placement basis, appointment of IL&FS Trust Company Limited as Debenture Trustee in terms of the aforesaid issue of Debentures, approved the draft of private placement offer letter (as per the format PAS-4) and authorized Kumbala Praveen, Director of the Company to issue the offer letter to the investors for acceptance of subscription of debentures, approved the Debenture Subscription Agreement, Escrow Agreement, Deed of Hypothecation and such other transaction documents as may be required or incidental to give effect to the aforesaid issue of debentures and approve the amended Debenture Subscription Agreement, Debenture Trust Deed, Share Pledge Agreement, Escrow Agreement & such other transactions documents as may be required pursuant to the existing Non Convertible Debentures of Rs 40,00,00,000.
The above information is a part of company’s filings submitted to BSE.