Ansal Properties & Infrastructure Ltd has informed that the Board of Directors of the Company at its meeting held on February 13, 2008, has decided to issue 1,00,00,000 Secured Redeemable Non Convertible Debentures (SRNCD) having the face value of Rs 100/- each, at par, by way of private placement to LIC Mutual Fund (i.e. aggregating to Rs 100 crores) having the tenure of 364 days. The said issue of SRNCDs is pursuance to the authorization given by members vide Special Resolution passed at their Annual General Meeting held on September 22, 2007 to issue securities including debentures by various modes including private placement basis u/s 81(1A) and other applicable provisions of the Companies Act, 1956.
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