Stock Market : Mahindra & Mahindra Financial Services Ltd
Mahindra & Mahindra Financial Services Ltd has reported Extra Ordinary General Meeting (EGM) of the members of the Company that will be held on February 19, 2008, inter alia, to manage the following:
1. To enlarge the Authorised Share Capital of the corporation from Rs 140,00,00,000 divided into 9,00,00,000 Crores evenhandedness Shares of Rs 10 (Rupees Ten), each and 50,00,000 (Fifty Lakhs) usable Preference share of Rs 100 every to Rs 160,00,00,000 (Rupees One Hundred Sixty Crores) alienated into 11,00,00,000 (Eleven Crores) impartiality Shares of Rs 10 (Rupees Ten) each and 50,00,000 (Fifty Lakhs) usable favorite share of Rs 100 (Rupees Hundred) each by the creation of more 2,00,00,000 (Two Crores) impartiality Shares of Rs 10 (Rupees Ten) each and consequential modification in the Clause V of the memo of Association and article of Association of the corporation.
2. Authority to the Board to generate, offer, subject and allot to TPG-Axon (Mauritius) II Ltd and Standard Chartered Pvt Equity (Mauritius) Ltd cumulatively upto 1,09,00,000 (One Crore Nine Lakhs) fairness share of Rs 10 (Rupees Ten) every at a premium of Rs 370 (Rupees Three Hundred Seventy) per share aggregate Rs 414,20,00,000 (Rupees Four Hundred and Fourteen Crores Twenty Lakhs) in conditions of and on the conditions specified in the SEBI (Disclosure & Investor Protection) Guidelines, 2000, on a preferential allotment basis and on generally various terms of and situation and in such manner as the Board may think fit, without offering the same to any persons who at the date of offer are holders of evenhandedness Shares of the Company, subject to necessary supplies and approvals.
Posted on 27th January 2008
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