Birla Tyres board to consider Rs 1,100 cr fund raising
The company's board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others.
By PTI |
Getty Images
NEW DELHI: Birla Tyres on Tuesday said its board will meet later this week to consider raising up to Rs 1,100 crore.
The company's board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others, Birla Tyres said in a regulatory filing.
Post approval from the board, the shareholder approval, if required, will be sought, it added.
The Kolkata-based firm, which caters to two-wheelers, three-wheelers and commercial vehicles, however, did not share reasons for raising capital.
The company's board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others, Birla Tyres said in a regulatory filing.
Post approval from the board, the shareholder approval, if required, will be sought, it added.
The Kolkata-based firm, which caters to two-wheelers, three-wheelers and commercial vehicles, however, did not share reasons for raising capital.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
NCLAT dismisses Kesoram's appeal in Birla Tyres insolvency caseADVERTISEMENT
