India’s Walchandnagar board approves up to Rs. 2 billion debt issue

By Sarah Lizee

Olympia, Wash., Nov. 13 – Walchandnagar Industries Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved an issue of up to Rs. 2 billion of securities.

The issue may include equity shares and/or any other securities convertible into equity shares with or without warrant by way of public or private placement, through qualified institutional placement/rights issue or through any other permissible mode or combination.

The engineering company is based in Mumbai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.