Manappuram General allots CCPS

Manappuram General Finance & Leasing Ltd has announced that the Board of Directors of the Company at its meeting held on December 20, 2007, has allotted 46,80,000 compulsorily convertible preference shares of Rs 100 each to the following persons:

1. Hudson Equity Holdings Ltd, Port Loius Mauritius : 23,40,000 No.

2. Sequoia Capital India Investment Holding 1, Port Louis Mauritius : 23,40,000 No.

Board also explored the feasibility of merging Manappuram Finance Tamilnadu Pvt Ltd, one of the group Companies (Registered in the state of Tamilnadu) with the Company and entrusted the matter to the subcommittee of directors constituted for this purpose.

Source : Equity Bulls

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