Shriram City Union Finance Limited allots 40,00,000 shares at Rs,160

Shriram City Union Finance Limited has informed that the Board of Directors at their meeting held today have allotted to Indopark Holdings Limited, 40,00,000 Equity shares of Rs.10 each for cash on preferential basis at the rate of Rs 160/- per share (including a premium of Rs.150/- per share) being the price higher than the price determined under Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 as amended. With respect to the allotment of Equity Shares pertaining to Van Gogh Limited, CPIM Structured Credit Fund A 1000 Limited, CPIM Structured Credit Fund A 1500 Limited, CPIM Structured Credit Fund A 20 Limited and Warrants to Shriram Enterprise Holdings Private Limited , the Board of Directors have delegated the power to allot to the BusinessDevelopment Committee of Directors which will meet Shortly.

Source : Equity Bulls

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