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| Exchange Disseminated Time 09/02/2017 17:46:21 | Magma Fincorp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2017, inter alia, has approved the issuance of debt securities in the nature of non convertible debt securities that is to say, secured debentures, unsecured debentures, bonds, subordinated debt securities, covered bonds, or other debt securities for the financial year 2017-18, subject to the necessary approvals.
The Board Meeting commenced at 10 A.M and concluded at 5.30 P.M.
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