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Outcome of board meeting of Padmanabh Industries

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Capital Market

Held on 09 January 2018

The Board of Padmanabh Industries at its meeting held on 09 January 2018 has decided to acquire 15,74,100 Equity shares of Guardian Finance which constitute 69.96% of the present paid up capital of Guardian Finance subject to necessary approvals. The company has started necessary procedure for change in management and share holding pattern with the Reserve Bank of India (RBI) to complete the said transaction.

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First Published: Jan 09 2018 | 8:32 PM IST

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