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Stock Report
Emerald Leasing Finance & Investment Company Ltd to change name, issue SRNCDs
Posted On : 2022-09-02 12:06:30( TIMEZONE : IST )
The Board of Directors of Emerald Leasing Finance & Investment Company Limited in its meeting held on 2nd September, 2022, has approved the allotment of 76 (Seventy Six) Secured Unlisted Unrated Redeemable Non-Convertible Debentures (SRNCDs) ("Debentures") at a price of Rs. 1,00,000/- (Rupees One Lakh Only) each for cash at par aggregating to Rs.76,00,000/- (Rupees Seventy Six Lacs Only) each to the identified subscriber on private placement basis.
The board also approved the change of name of the company from 'Emerald Leasing Finance and Investment Company Limited' to Emerald Finserv Limited' or Emerald Finance Limited or the name as may be approved by Central Registration Centre of Ministry of Corporate Affairs, subject to the approval of shareholders and other statutory authorities as may be applicable.
