Don’t miss the latest developments in business and finance.

Board of Vishal Fabrics gives in-principal approval for raising funds upto Rs 70 crore

Image
Capital Market
Last Updated : Aug 17 2015 | 9:03 PM IST

At meeting held on 17 August 2015

Vishal Fabrics announced that the Board of Directors of the Company at its meeting held on 17 August 2015, inter alia, has considered and approved the following businesses:

1. In-principality approved the raising of funds not exceeding Rs. 70 crore either by preferential allotment (Promoter and / or Non - Promoter) or Rights Issue or through any other modes, in consensus with the Securities laws and other necessary law;

2. Take note of the resignation letter by Nitika Chiripal as a Director of the Company w.e.f. 17 August 2015 due to personal reasons.

Powered by Capital Market - Live News

More From This Section

First Published: Aug 17 2015 | 7:25 PM IST

Next Story