Outcome of Committee Meeting

Subsequent to the approval accorded by the Board of Directors at its meeting held on 1st November, 2017, and approval by Shareholders for the Preferential Allotment at the Extraordinary General Meeting held today i.e., 29th November, 2017, the Securities Issue Committee (the Committee) of the Company at its Meeting held today, approved issuance of 2,50,00,000 Equity Shares of face value of Rs.2 each at a price of Rs.422 each aggregating to Rs.1,055 crores, to Mahindra & Mahindra Limited, the holding company (the Promoter)

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Source : BSE - www.bseindia.com

Published on November 29, 2017
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