Minda Finance has informed that the Board of Directors of the Company at its meeting held on March 11, 2016, started at 11.00 A.M. and concluded at 12.15 P.M. approved the Allotment of 87,500 number of 3% Non-Cumulative Redeemable Preference Shares of Rs 400 each aggregating to Rs 35,000,000 to Minda Investment on Private Placement basis.
The above information is a part of company’s filings submitted to BSE.