Brief: Friwo Says Uno Minda Group's Intended Investment Delayed

FRIWO AG

01/04/2022 10:14

April 1 (Reuters) - Friwo AG  CEAG.DE :
    * DGAP-ADHOC: FRIWO AG: UNO MINDA GROUP'S INTENDED
INVESTMENT IN
FRIWO AG DELAYED DUE TO PENDING RESERVE BANK OF INDIA APPROVAL
    * BOARD OF DIRECTORS OF FRIWO AG AND UNO MINDA CONTINUE TO
ASSUME
THAT A CAPITAL INCREASE AS ENVISAGED CAN BE IMPLEMENTED IN
COURSE OF Q2 OF 2022
    * RESERVE BANK OF INDIA'S APPROVAL HAS BEEN DELAYED AND UNO
MINDA
IS THEREFORE UNABLE TO MEET SUBSCRIPTION DEADLINE FOR ISSUED
SHARES, WHICH EXPIRED YESTERDAY

Source text for Eikon:  ID:nEQ9Z821La 
Further company coverage:  CEAG.DE 

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