Held on 02 August 2017
Magma Fincorp announced that the Board of Directors at its meeting held on 2 August 2017 has interalia approved, subject to the approval of the shareholders, the alteration in Articles of Association (AoA) of the Company to incorporate an enabling provisions in the AoA w.r.t. consolidation and reissuance of debt securities as suggested by Securities and Exchange Board of India ('SEBI') in its circular CIR/IMD/DF-1/67/2017 dated 30 June 2017, and to delete chapter IV w.r.t. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) since the preference shares issued to FM0 has been redeemed by the Company.Powered by Capital Market - Live News
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