Mahindra CIE Automotive: Outcome of board meeting

Mahindra CIE Automotive at its meeting held on October 21, 2014, has approved the Issue and allotment of 81,875 Equity Shares of face value of Rs. 10/- Consequent to the allotment the paid up capital of the Company has been increased from Rs. 932,542,760/- to Rs. 933,361,510.

October 21, 2014 / 10:18 PM IST

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Mahindra CIE Automotive Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 21, 2014, has approved the following:1. Issue and allotment of 81,875 Equity Shares of face value of Rs. 10/- Consequent to the allotment the paid up capital of the Company has been increased from Rs. 932,542,760/- to Rs. 933,361,510.2. Appointment of Mr. Pedro Echegaray as Additional Director who shall be an Executive Director (whole time director in terms of Companies Act, 2013) of the Company.3. Noting of the resignation of Mr. Jose Ramon Berecibar Mutiozabal as Director of the Company with effect from October 15, 2014.Source : BSE

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first published: Oct 21, 2014 10:18 pm

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Mahindra CIE Automotive: Outcome of board meeting

Mahindra CIE Automotive at its meeting held on October 21, 2014, has approved the Issue and allotment of 81,875 Equity Shares of face value of Rs. 10/- Consequent to the allotment the paid up capital of the Company has been increased from Rs. 932,542,760/- to Rs. 933,361,510.