The committee of Shriram City Union Finance has converted 5,87,500 warrants held by Asiabridge Fund I LLC into 5,87,500 equity shares of Rs 10 eachas per the terms contained in the warrant certificate.

The company has allotted the aforesaid shares consequent upon the receipt of the balance amount of Rs 360 per warrant payable by Asiabridge Fund I LLC aggregating Rs 21,55,00,000 against 5,87,500 warrants in respect of which option to convert them into equity shares have been exercised.

This was decided at the committee meeting held on 06 November 2009.