Subros plans to raise funds via NCDs

Auto component maker Subros today said its board will meet later this week to consider raising funds through non-convertible debentures (NCDs) on private placement basis.
"Meeting of the Board of Directors of the company will be held on March 29 to consider a proposal to issue secured/unsecured, redeemable, non-convertible debentures on private placement basis, for an amount as may be decided by the Board," Subros said in a regulatory filing.
It did not elaborate on the quantum of funds it may raise.
Shares of Subros were trading 1.71 per cent higher at Rs 195.25 on BSE.