Board of Shalimar Paints approves rights issue up to Rs 240 crore

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Capital Market
Last Updated : Jul 10 2018 | 6:32 PM IST

At meeting held on 10 July 2018

The Board of Shalimar Paints at its meeting held on 10 July 2018 has approved the following -

1. Draft Letter of Offer of the Company and related documents in respect of the proposed Rights Issue not exceeding an amount of Rs. 240 crore

2. Re-establishment of Nashik Plant of the Company and establishment of new Regional Distribution Centre (RDC) at Nashik Plant.

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First Published: Jul 10 2018 | 6:12 PM IST

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