Indag Rubber has informed that Board of Directors in their meeting held on January 12, 2017 has approved investment of $1.8 Million in Cumulative Compulsorily Convertible Preference Shares of SRL 142 Holdings (Jersey) bearing a 12% coupon and convertible into common equity of SRL 142 Holdings (Jersey).
The above information is a part of company’s filings submitted to BSE.