Held on 15 December 2017
The Board of Kesoram Industries at its meeting held on 15 December 2017 approved preferential issue of equity shares of face value of Rs 10 each which could include convertible warrants of an amount up to Rs 250 crore to Manav Investment and Trading Company, a promoter group company. The Board reiterated that the Company going forward would further enhance the robustness of its Tyre business. This could include a possible induction of partner in the business with specific expertise in the radial segment so as to complement the Company's ongoing efforts.Powered by Capital Market - Live News
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