In a follow-up to this, today, the Company's Board of Directors approved preferential issuance of
The participation from the
The funds raised are planned to be used for augmenting the capital base, improving the solvency margin and leverage ratio, meeting the growth and funding requirements and to make investments in one or more subsidiaries/associates/joint ventures of the Company engaged in certain businesses and technology, IT infrastructure and digital offering platforms.
The extraordinary general meeting of shareholders of the Company ('EoGM') is scheduled to be held on
ABCL through its subsidiaries/JVs has a strong presence across Protecting, Investing and Financing solutions catering to the diverse needs of its customers across their life cycle. As of
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The statements contained in this document speak only as at the date as of which they are made and it, should be understood that subsequent developments may affect the information contained herein. The Company expressly disclaims any obligation or undertaking to supplement, modify, amend or disseminate any updates or revisions to any statements contained herein or to otherwise notify any recipient to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this release, neither the Company nor its management undertakes any obligation to provide the recipient with access to any additional information or to update this release or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and private circulation only and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the
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