Shriram Asset Management redeems preference shares

Shriram Asset Management Company Ltd has announced that the Board of Directors of the Company at its meeting held on March 09, 2007, inter alia, has approved the redemption of the Company's 4,00,000 - 12.5% Optionally Convertible Preference Shares of Rs 100/- each. Total Amounting to Rs 400,00,000/- out of the profits of the Company.

Source : Equity Bulls

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