Hatsun Agro Product Ltd approves investment, QIP

The Board of Directors of Hatsun Agro Product Ltd at its meeting held today, i.e 22nd August, 2022, has approved investing in to the paid up Equity Share Capital of Huoban Energy 4 Private Limited due to Novation of the Agreement already entered in to with Huoban Energy 7 Private Limited not exceeding 20% of the paid up Equity Share Capital of the above said Company for the purpose of consuming Solar Energy captively for the Company's Plant situate in the State of Maharashtra.

The board also approved the proposal for raising of funds, through Private Placement of Equity Shares by way of Qualified Institutional Placement (QIP), not exceeding Rs. 700,00,00,000/- (Rupees Seven Hundred Crores only).

Shares of Hatsun Agro Product Limited was last trading in BSE at Rs. 1126.65 as compared to the previous close of Rs. 1087.15. The total number of shares traded during the day was 6998 in over 864 trades.

The stock hit an intraday high of Rs. 1131.00 and intraday low of 1098.10. The net turnover during the day was Rs. 7849938.00.

Source : Equity Bulls

Keywords

HatsunAgroProduct INE473B01035 Investment FundRaising QIP