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Outcome of board meeting of Minda Finance

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Capital Market
Last Updated : Sep 07 2015 | 11:13 AM IST

Held on 05 September 2015

Minda Finance announced that the Board of Directors of the Company at its meeting held on 05 September 2015, inter alia, transacted the following business(es):

1. Subject to approval of the shareholders, approved the increase in Authorised Share Capital and alteration in Capital Clause of the Memorandum of Association of the Company,

2. Authorization from shareholders is sought for the Board to offer / issue 3% Non-Cumulative Redeemable Preference Shares (NCRPS) on a Private Placement Basis.

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First Published: Sep 07 2015 | 9:50 AM IST

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