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Shriram City Union Finance Ltd. Board approves allotment of 65.8 lakh shares on preferential basis @ Rs. 1,200 per share to Piramal Enterprises

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By K. Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

Shriram City Union Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2014, have subject to the approval of shareholders, approved issue of up to 65,79,840 Equity Shares of Rs. 10.00 each to Piramal Enterprises Ltd for cash on Preferential basis at a price of Rs. 1,200.00 per share (including a premium of Rs. 1190.00 per equity share) aggregating to Rs. 789.58 crore.

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