Ess Dee Aluminium gets board approval for raising Rs 500 crore
Packaging solutions provider Ess Dee Aluminium today said its board has approved raising up to Rs 500 crore through issue of securities.
By PTI |
MUMBAI: Packaging solutions provider Ess Dee Aluminium today said its board has approved raising up to Rs 500 crore through issue of securities.
The board of directors, during a meeting held on October 16, approved raising of funds up to Rs 500 crore in one or more tranches, Ess Dee Aluminium said in a filing to the Bombay Stock Exchange.
The various securities through which fund may be raised include global depository receipts, American depository receipts, foreign currency convertible bonds and qualified institutional placement.
The company has convened an extra ordinary general meeting on November 10 for obtaining approval from its shareholders, Ess Dee Aluminium said.
Shares of Ess Dee Aluminium were trading at Rs 380 on BSE, a gain of 3.49 per cent over the previous close.
The board of directors, during a meeting held on October 16, approved raising of funds up to Rs 500 crore in one or more tranches, Ess Dee Aluminium said in a filing to the Bombay Stock Exchange.
The various securities through which fund may be raised include global depository receipts, American depository receipts, foreign currency convertible bonds and qualified institutional placement.
The company has convened an extra ordinary general meeting on November 10 for obtaining approval from its shareholders, Ess Dee Aluminium said.
Shares of Ess Dee Aluminium were trading at Rs 380 on BSE, a gain of 3.49 per cent over the previous close.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
