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Board of Indag Rubber approves investment of $1.8 million in SRL Holdings (Jersey)

Capital Market 

At meeting held on 12 January 2017

announced that Board of Directors in their meeting held on 12 January 2017 has approved investment of $1.8 Million in Cumulative Compulsorily Convertible Preference Shares of SRL 142 Holdings (Jersey) bearing a 12% coupon and convertible into common equity of SRL 142 Holdings (Jersey).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 14 2017. 14:54 IST