Manappuram General to consider conversion of preference shares

Manappuram General Finance & Leasing Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 21, 2008, inter alia, to consider the conversion of 2340000 Nos Compulsorily Convertible Preference Shares of Rs 100 each into 1641791 equity shares of Rs 10 each (Issue Price being Rs 142.51 per equity share) and allotment of the equity shares to M/s. Hudson Equity Holdings Ltd Mauritius.

To consider conversion of 2340000 Nos Compulsorily Convertible Preference Shares of Rs 100 each into 1641791 equity shares of Rs 10 each (Issue price being Rs 142.51 per equity share) and allotment of the equity shares to M/s. Sequoia Capital India Growth India Investments I, Mauritius.

The paid up equity share capital of the Company would be increased from the present Rs 110000000 to Rs 142835820 on allotment of the above said equity shares.

Source : Equity Bulls

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