Bajaj Electricals Ltd approves fund raising proposal

The Board of directors of Bajaj Electricals Ltd at its Meeting held today, has approved a proposal to obtain an enabling approval of shareholders, at their ensuing AGM, to borrow funds from time to time (if required) by way of issuance of unsecured Commercial Papers, upto an amount not exceeding Rs.300 crore to the eligible investors on a private placement basis, in one or more tranches, considering the prevailing money market conditions at the time of borrowing.

Shares of Bajaj Electricals Limited was last trading in BSE at Rs. 913.60 as compared to the previous close of Rs. 909.65. The total number of shares traded during the day was 3192 in over 678 trades.

The stock hit an intraday high of Rs. 926.00 and intraday low of 905.80. The net turnover during the day was Rs. 2916287.00.

Source : Equity Bulls

Keywords

BajajElectricals INE193E01025 FundraisingProposal