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Advanta informs about outcome of board meeting

31 Dec 2015 Evaluate

Advanta has informed that the Board of Directors of the Company at its meeting held on December 31, 2015, has approved the conversion of 25 Foreign Currency Convertible Bonds (FCCBs) into Global Depository Receipts (GDRs), and approved the allotment of 39,72,070 equity shares of Rs 2 each to JP Morgan Chase Bank, NA-Depository Bank, to issue appropriate GDRs.

The above information is a part of company’s filings submitted to BSE.

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