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| Exchange Disseminated Time | Aditya Birla Money Ltd has informed BSE that Aditya Birla Financial Services Limited (ABFSL), the holders of 10,00,000 8% Redeemable Non-Convertible Non-Cumulative Preference Shares (RNCNCPS) of Rs. 100/- each have given their consent in writing vide letter dated March 30, 2015 pursuant to Section 106 of the Companies Act, 1956 for the variation of the following rights pertaining to 8% - 8,00,000 Redeemable Non-Convertible Non-Cumulative Preference Shares (RNCNCPS) of Rs. 100/- each, allotted to ABFSL on March 31, 2011.
1. Redemption period: The period of redemption be extended by 39 months from March 31, 2016 to June 30, 2019; and
2. Redemption price: The redemption price of RNCNCPS shall be varied from Rs. 320/- (Face value Rs. 100/- and premium of Rs. 220/- per share) to Rs. 411/- (Face value of Rs. 100/- and premium of Rs. 311/- per share). |
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