Sanwaria Agro Oils to raise Rs 235 cr via share issue
Edible oil maker Sanwaria Agro Oils on Thursday said it will raise Rs 235 crore by issuing shares in domestic and international markets.
By PTI |
MUMBAI: Edible oil maker Sanwaria Agro Oils on Thursday said it will raise Rs 235 crore by issuing shares in domestic and international markets.
The shareholders of the company at its meeting held today has approved to raise amount up to Rs 235 crore by issuing shares or through Global depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds, Sanwaria Agro Oils said in a filing to the Bombay Stock Exchange.
The company, however, did not disclose the details regarding the utilisation of funds it would raise by issue of securities.
Shares of Sanwaria Agro Oils today closed at Rs 50.60 on BSE, up 2.12 per cent from previous close.
The shareholders of the company at its meeting held today has approved to raise amount up to Rs 235 crore by issuing shares or through Global depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds, Sanwaria Agro Oils said in a filing to the Bombay Stock Exchange.
The company, however, did not disclose the details regarding the utilisation of funds it would raise by issue of securities.
Shares of Sanwaria Agro Oils today closed at Rs 50.60 on BSE, up 2.12 per cent from previous close.
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