Corporate News 29-Jun-18
Board of Mercator approves private placement of NCDs aggregating Rs 30 crore
At meetind held on 29 June 2018
The Board of Mercator has approved allotment of 300 Secured Unlisted NCDs of face value of Rs 10 lakh each, aggregating Rs 30 crore being second tranche, to UTI Structured Debt Opportunities Fund I on a private placement basis. The entire proceeds of the above NCDs issue will be utilized to repay existing debts and general corporate purposes.
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