Emami Infrastructure Ltd approves issue of NCDs of Rs. 100 crores

The Board of Directors of Emami Infrastructure Ltd in its meeting held today, the 11th of January, 2018, have, approved issue of Redeemable, Non-Convertible Debentures upto Rs. 500 Crs on private placement basis.

The Company has signed Term Sheet for issue of Rated, Unlisted, Redeemable, Non-Convertible Debentures of Rs. 100 Crs. The Company is to negotiate the terms for issuance of balance Rs. 400 Crs and accordingly the Company will inform the relevant particulars at the relevant times.
The proposal for issue of NCDs as approved by the Board of Directors in their meeting held on 25th January, 2017 has been withdrawn, as the same could not be acted upon due to lack of mutual agreement on terms and conditions thereof.

Shares of EMAMI INFRASTRUCTURE LTD. was last trading in BSE at Rs.376.8 as compared to the previous close of Rs. 365.2. The total number of shares traded during the day was 76576 in over 1888 trades.

The stock hit an intraday high of Rs. 391.55 and intraday low of 368.1. The net turnover during the day was Rs. 29158658.

Source : Equity Bulls

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