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Brahmaputra Infrastructure: Outcome of Board Meeting

10-Apr-2015 Follow Value Research Online on Google Brahmaputra Infra

Brahmaputra Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on the March 26, 2015. considered and approved, allotment of 0.01% Cumulative Redeemable Preference Shares ('CRPS'), of an aggregate value not exceeding Rs. 13.88 Crore by Conversion of loan into CRPS at par, on a private placement basis, to M/s. M.L.Singhi and Associates Private Limited and M/s. Brahmaputra Finlease Private Limited.

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