Business Standard

Tuesday, December 24, 2024 | 06:05 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Board of Nutraplus India approves raising funds up to Rs 100 crore for capex

Image

Capital Market

At meeting held on 10 July 2015

Nutraplus India announced that the Board of Directors of the Company at its meeting held on 10 July 2015, inter alia, has transacted the following business:

1. The Board discussed the capex requirement of the Company for the new projects at Dahej & granted in principal approval to raised fund by way of Qualified Institutional buyer, right issue, followon public offer, global depository receipts (GDR), American depository receipts (ADR), foreign currency convertible bonds (FCCB), at such price or prices so however that the total amount raised through the aforesaid Securities should not exceed Rs 100 crore (Rupees One Hundred Crore only),

 

2. To increase authorized share capital from Rs. 20 crore upto Rs. 30 crore.

3. To authorize Company Secretary to make application for listing of Company's Equity shares at National Stock Exchange (NSE).

4. Approved Reappointment of M/s. C. G. Pampat & Co. as a cost auditor of the Company for the F.Y. 2015-16.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 10 2015 | 7:29 PM IST

Explore News