The board of Dhandapani Finance has approved the issue and allotment of redeemable preference shares to Zwirn Pragati Capfin to the extent of 2,22,60,000 of Rs 10 each amounting to Rs 22,26,00,000.
The board has accepted the resignation of Rajen Padukone as director.
This was approved at the board meeting held on 30 July 2008.
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