Rasandik Engg to raise Rs 40 cr via shares
Rasandik Engineering Industries India Ltd ON Wednesday said it will raise Rs 40 crore through issue of equity shares on a private placement basis to Qualified Institutional Buyers (QIBs).
By PTI |
MUMBAI: Rasandik Engineering Industries India Ltd ON Wednesday said it will raise Rs 40 crore through issue of equity shares on a private placement basis to Qualified Institutional Buyers (QIBs).
The EGM held on Wednesday accorded authority to the board to allot shares in one or more tranches to QIBs, whether or not shareholders, the company informed the Bombay Stock Exchange.
The shareholders also authorised the board to borrow funds upto Rs 200 crore, subject to necessary approvals, it added.
The EGM held on Wednesday accorded authority to the board to allot shares in one or more tranches to QIBs, whether or not shareholders, the company informed the Bombay Stock Exchange.
The shareholders also authorised the board to borrow funds upto Rs 200 crore, subject to necessary approvals, it added.
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