Kaushalya Infrastructure Development Corporation informs about business updates

With reference to the earlier letter dated January 27, 2016, Kaushalya Infrastructure Development Corporation has now informed that Bengal KDC Housing Development has allotted 1,09,73,283 Non-Cumulative Redeemable Preference Shares (NCRPS) to the Company upon exercise of conversion option attached to the loan given by the Company to the said Company.

The above information is a part of company’s filings submitted to BSE.