At meeting held on 19 December 2015
Kesoram Industries announced that the Board of Directors of the Company at its meeting held on 19 December 2015 has approved the following -Fund raising/ Capital raising of an amount not exceeding Rs 650 crore thorugh QIP/ or security convertible into equity, FPO, ADR/GDR/FCCB.
Disposal and transfer of the Company's Spun Pipe and the Heavy Chemicals undertakings both located in the State of West Bengal to Camden Industries for a cash consideration of not less than Rs 150 crore.
Divestment of certain of its investment in listed companies at prevailing market prices for the purpose of enhancing cash inflows.
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