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Salasar Techno engineering board gives nod to fund raising of Rs 200 cr
New Delhi (India), June 27: The board of the engineering company on Wednesday approved raising upto Rs 200 crore via multiple fund raising options and enhancing borrowing limits to Rs 700 crore. The company’s board approved raising upto Rs 200 crore through allotment of equity shares by way of a preferential allotment and/or through qualified […]
New Delhi (India), June 27: The board of the engineering company on Wednesday approved raising upto Rs 200 crore via multiple fund raising options and enhancing borrowing limits to Rs 700 crore.
The company’s board approved raising upto Rs 200 crore through allotment of equity shares by way of a preferential allotment and/or through qualified institutional placements (QIPs), foreign currency convertible bond (FCCB), American Depositary Receipts (ADRs), global depository receipt (GDRs) issues, or allotment of shares to the existing shareholders on right basis, or in any combination thereof, in one or more tranches.
The board decided to appoint various intermediaries, merchant bankers, advisors, legal counsel etc, and constitute a board’s fund-raising committee for proposed fund raising program.
