Held on 24 August 2017
The Board of Prakash Industries at its meeting held on 24 August 2017 approved the following -Demerger scheme between PIL and Prakash Pipes.
Issue of new FCCBs towards outstanding cash consideration/obligation of USD 17.85 million to the holders of 5.35% September 2020 Bonds, subject to regulatory and any other approval.
Raising of funds up to Rs 500 crore in one or more tranches by issue of equity shares through QIP.
To hold EGM on 23 September 2017.
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