New Delhi, May 22 -- Sindhu Trade Links on Friday approved a series of strategic transactions, including acquisitions and preferential issuance of securities, aimed at strengthening and consolidating its asset portfolio.

The company's board, on Friday, approved an increase in the authorised share capital from Rs.156 crore, divided into 156 crore equity shares of Rs.1 each, to 196 crore, comprising 186 crore equity shares and 10 crore preference shares of Rs.1 each.

The board also approved the corresponding alteration to the Capital Clause of the company's Memorandum of Association, subject to shareholder and regulatory approvals.

As part of the strategic restructuring exercise, the board approved the acquisition of a 78.26% stake in Ad...