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Outcome of Board Meeting

| Updated on February 24, 2016 Published on February 24, 2016

Minda Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 24, 2016, inter alia, has transacted the following:

1. Issue of 3% Non-Cumulative Redeemable Preference Shares (NCRPS) on a Private Placement Basis

The Board has given consent to issue 87,500 (Eighty Seven Thousand Five Hundred) 3% Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs. 400/- (Rupees Four Hundred only) each aggregating to Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lacs only) on a Private Placement Basis to M/s. Minda Investments Limited

2. Approval of Private Placement Offer Letter

The Board of Directors approved the Private Placement Offer Letter to be sent to M/s. Minda Investments Limited.

Source : BSE - >www.bseindia.com

Published on February 24, 2016
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