Shriram Asset Management Co has informed that the Board at its meeting held today has considered and approved, raising of funds aggregating up to INR 87,22,00,000 on preferential basis by way of creating, offering, issuing and allotting, in one or more tranches, up to 50,00,00,000 Compulsorily Convertible Preference Shares of face value of Re 1 each, up to 18,800 Compulsorily Convertible Debentures of face value of Rs 10,000 each and up to 14,81,899 warrants of face value of Rs 124.30 each subject to the approval of shareholders.
The above information is a part of company’s filings submitted to BSE.
