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

Board of Wintac decides to raise funds through ECB for capital expenditure

Image
Capital Market
Last Updated : Dec 06 2017 | 8:31 PM IST

At meeting held on 06 December 2017

The Board of Directors of Wintac at its meeting held on 06 December 2017 have decided to exercise the borrowing option in the form of ECB up to Rs 40 crore from the holding company, Veego Pharma LLC, USA to fund new capital expenditure (building additional capacities for Opthalmic and Injectable Vials). The Board has decided to defer the rights issue proposal temporarily

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 06 2017 | 8:04 PM IST

Next Story