Corporate News 23-Nov-16
Board of Walchandnagar Industries accords consent to avail facilities upto Rs 235 cr
At meeting held on 22 November 2016
Walchandnagar Industries announced that the Board in its Meeting held on 22 November 2016 accorded its consent for availing the financial facilities in the form of loan and / or Non convertible debentures (NCD) up to Rs. 235 crore which shall be used partly for repayment of existing loans and partly for long term working capital requirement of the Company. The Board also approved issue of Non-convertible Debentures (NCD), on a private placement basis, up to Rs. 150 crore out of financial facility of Rs. 235 crore, subject to the approval of Shareholders and balance would be as loan.
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