Outcome of Adjourned Board Meeting

Venus India Asset-Finance Pvt Ltd has informed BSE that the Board of Directors of the Company at its Adjourned Meeting held on January 14, 2017, inter alia, has transacted the following :

1. Increase of Authorized Share Capital of the Company from Rs. 90,00,00,000/- to Rs. 140,00,00,000/-.

The Board considered and approved the increase in the Authorized Share Capital of the Company by Rs. 50 Crores i.e. from Rs. 90,00,00,000/- to Rs. 140,00,00,000/- subject to the approval of shareholders at an Extra Ordinary General Meeting.

2. To approve the issuance of equity shares on Rights Issue Basis.

The Board considered the matter and recommended to issue 2,34,50,996 equity shares of Rs. 10 each at premium of Rs. 25.68/- per share on Rights Issue Basis instead of issuance of equity shares on Preferential Basis.

Source : BSE - www.bseindia.com

Published on January 14, 2017
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