Manaksia Board Ltd Has Aggregating To Rs 60 Crores On Placement - Dec 20, 2008

Manaksia Ltd has informed that the Board of Directors of the Company at its meeting held on December 19, 2008, has allotted 600, 11.95% Secured Redeemable Non Convertible Debentures (NCDs), having a face value of Rs 10,00,000/- each, aggregating to Rs 60 Crores on a Private Placement basis to Life Insurance Corporation of India.