Simbhaoli Sugars will raise up to Rs 100 crore through issue of securities including rights issue.
In a filing to the BSE, Noida-based sugar firm informed that the board has approved raising of funds through issue and allotment of further securities including by way of rights issue for a value not exceeding Rs 100 crore.
The board authorised its Capital Issue Committee to comply with the procedures and statutory requirements in relation to the fund raising.
The board authorised the panel to decide the quantum of the issue and pricing at which the offer for further securities is to be made.
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