Shriram Asset Management Company has informed that the board of directors of the company at its meeting held on January 16, 2013, has approved the further issuance of redeemable non-convertible preference shares of an amount not exceeding rupees five crores subject to the approval of shareholders. The authorised securities issue committee to decide on all the matters related to the issue including issuance in tranches, timing, terms and conditions etc. of the issue.
The above information is a part of company’s filings submitted to BSE.
