Others

Updates

| Updated on March 13, 2018

Bharat Financial Inclusion Ltd has informed BSE that the Company have issued (i) 11.48%, Series 1 secured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures of face value Rs.10 lakh each aggregating to Rs.100 crore due 2018 ("Series 1 Debentures") and (ii) 11.48% Series 2 secured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures of face value Rs.10 lakh each aggregating to Rs.100 crore due 2018 ("Series 2 Debentures", together with Series 1 Debentures, the "Debentures") to holders of the Debentures (the "Debentureholders").

Further the Company has informed that, subject to the approval of the board or Committee of directors and the consent of the Debentureholders and the Stock Exchange as required under the Listing Regulations, the date of redemption of the Debentures will be altered/modified to April 27, 2017 or April 28, 2017 and the Debentures will be redeemed partially or fully on such revised date. In relation to this, the Company will obtain the relevant consent of the Debentureholders as required for the alteration of the redemption date of the Debentures and the partial or full redemption of the Debentures on such revised dates.

Further, the Company shall convene a meeting of the board or committee of directors on April 26, 2017 for passing the necessary resolutions in relation to the above mentioned alteration and partial or full redemption of the Debentures on the revised dates.

Pdf Link: Updates

Source : BSE - www.bseindia.com

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Published on April 11, 2017
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