Outcome of board meeting of Advanta

Held on 26 March 2015

Advanta announced that the Board of Directors of the Company at its meeting held on 26 March 2015, have considered and approved the following:

1. Conversion of 50 Foreign Currency Convertible Bonds (FCCBs) into Global Depository Receipts (GDRs).

2. Allotment of 79,44,140 equity shares of Rs. 2 each to JP Morgan Chase Bank, NA - Depository Bank, who shall issue appropriate GDRs.

Powered by Capital Market - Live News