Greenlam Industries Ltd board to consider fund raising through QIP

A meeting of the Board of Directors of Greenlam Industries Ltd is scheduled to be held on Tuesday, December 28, 2021, to consider and approve raising of funds and issuance of securities through qualified institutions placement (QIP) basis or through any other permissible mode, in one or more tranches, subject to applicable laws and necessary approval from the shareholders and other regulatory authorities, as may be required.

The Board of Directors will also consider a proposal, if required, to obtain shareholders' approval through postal ballot for raising of funds and issuance of securities as mentioned above.

Shares of Greenlam Industries Limited was last trading in BSE at Rs. 1720.45 as compared to the previous close of Rs. 1710.45. The total number of shares traded during the day was 356 in over 145 trades.

The stock hit an intraday high of Rs. 1742.35 and intraday low of 1715.00. The net turnover during the day was Rs. 613781.00.

Source : Equity Bulls

Keywords

GreenlamIndustries INE544R01013 FundRaising QIP