Mounteverest Trading & Investment today said it will raise Rs 52.50 crore by issuing fully convertible debentures to non-promoter entities.
The board has approved to issue 17.5 lakh fully convertible debentures to non-promoter entities with the right to apply upon conversion at Rs 300 a piece, Mounteverest Trading said in a filing to the Bombay Stock Exchange (BSE).
The debentures are exercisable within a period of 18 months from the date of allotment, the filing added.
