Minda Finance has informed that the Board of Directors of the Company at its meeting held on February 24, 2016, has transacted the Issue of 3% Non-Cumulative Redeemable Preference Shares (NCRPS) on a Private Placement Basis. The Board has given consent to issue 87,500 3% Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs 400 each aggregating to Rs 3,50,00,000 on a Private Placement Basis to Minda Investments; and approval of Private Placement Offer Letter to be sent to Minda Investments.
The above information is a part of company’s filings submitted to BSE.
