Indag Rubber received its board’s approval for 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 company’s board gave approval for the same at its meeting held on January 12, 2017.
Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.
