Ravindra Energy Limited board approves fund raising of Rs. 60 crores

The Board of Directors of Ravindra Energy Limited (Formerly Ravindra Trading & Agencies Limited) at its meeting held on Saturday, February 20, 2021 has considered and approved, issue of Fully / Partly / Optionally, Convertible Debentures (secured or unsecured), on preferential basis to such willing investors, including the promoters and others, up to the limit of Rs. 60 Crores, in one or more tranches, at a rate of interest that will be determined by the Board of Directors, based on the market conditions from time to time.

The board fixed, Thursday, the 25th day of March, 2021 as the date for convening and holding the Extraordinary General Meeting of the Shareholders of the Company, at 3:00 PM, through Video Conferencing or Other Audio Visual Means and approved the notice convening the said meeting.

The board also approved closure of Register of Members and the purpose of Extraordinary General Meeting from Thursday, March 25, 2021 (both days inclusive).

Shares of Ravindra Energy Ltd was last trading in BSE at Rs.33 as compared to the previous close of Rs. 33.6. The total number of shares traded during the day was 1412 in over 13 trades.

The stock hit an intraday high of Rs. 33.55 and intraday low of 31.85. The net turnover during the day was Rs. 46904.

Source : Equity Bulls

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