Capital India Finance Ltd board approves fund raising of Rs. 1000 crore

The Board of Directors ("Board") of Capital India Finance Ltd, in their meeting held on May 26, 2021, has approved the raising of funds, in Indian / foreign currency, up-to INR 1000,00,00,000/- (Indian Rupees One Thousand Crore only) by way of issue of non-convertible debentures / bonds, medium term notes and other debt securities in terms of Section 42 of the Companies Act, 2013 read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, Listing Regulations and other applicable laws, subject to the approval of shareholders and such other regulatory approvals as may be required in this regard.

Shares of Capital India Finance Ltd was last trading in BSE at Rs.111.5 as compared to the previous close of Rs. 110.5. The total number of shares traded during the day was 1082 in over 34 trades.

The stock hit an intraday high of Rs. 113.4 and intraday low of 110.2. The net turnover during the day was Rs. 121352.

Source : Equity Bulls

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