Sundaram Finance Ltd to seek nod for raising funds upto Rs. 7500 crores

At the Board Meeting held on February 17, 2017, the Board of Directors of Sundaram Finance Ltd have approved the 'postal ballot notice to the shareholders' in connection with the intention to raise funds by making offer(s) or invitation(s) to subscribe to listed non-convertible debentures on private placement basis for a sum not exceeding Rs. 7500 cr., in accordance with the provisions of S.42 read with S.71 of the Companies Act, 2013.

Shares of SUNDARAM FINANCE LTD. was last trading in BSE at Rs.1376 as compared to the previous close of Rs. 1376.65. The total number of shares traded during the day was 11388 in over 644 trades.

The stock hit an intraday high of Rs. 1404 and intraday low of 1356.6. The net turnover during the day was Rs. 15670538.

Source : Equity Bulls

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