Held on 07 December 2017
The Board of Jyothy Laboratories at its meeting held on 07 December 2017 approved the following -The Company would be exercising the put option available to it in respect of its outstanding 4000 secured, redeemable, unlisted, non convertible debentures of Rs 10 lakh each aggregating to Rs 400 crore.
The Company shall borrow by way of loan from bank/ financial institution to the extent of Rs 400 crore.
The Company is selling one of its units at Bhagwanpur, Haridwar, Uttarakhand to achieve operational efficiencies through consolidation.
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