Dhandapani Finance EGM approves issue of RPS

Dhandapani Finance Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on June 21, 2008, have approved the issuance of Redeemable Preference Shares (RPS) on preferential allotment basis to the extent of Rs 23 Crores to Zwirn Pragati Capfin Pvt Ltd. The objective of the issue is to redeem the Redeemable Optionally Convertible Preference Shares held by D B Zwirn Mauritius Trading No. 2 Ltd in the Company.

Source : Equity Bulls

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