At meeting held on 22 December 2016
Hinduja Ventures announced that the Board of Directors of the Company at its meeting held on 22 December 2016 approved the subscription to -- 16,57,408 equity shares of Rs 10 each offered to the Company by Hinduja Leyland Finance on rights basis at a price of Rs 79 per share.
- 11,394 equity shares renounced in favour of the Company at a price of Rs 79 per share.
The Company's shareholding after subscription to equity shares on rights basis and equity shares renounced will increase to 2,15,57,692 equity shares which would be equivalent to 5.23% on the enhanced equity paid up capital of Hinduja Leyland Finance. The percentage of holding remains unchanged on the enhanced equity paid up capital of Hinduja Leyland Finance.
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