Goa Carbon Ltd to raise Rs. 200 crores through rights issue

The Board of Directors of Goa Carbon Ltd at its meeting held today have approved the raising of funds, through issuance and allotment of equity shares having face value of 10/- each up to an aggregate amount of 200 Crores (Rupees Two Hundred Crores), on rights basis and on such terms (as decided by the Board or a duly constituted committee of the Board at a later date) to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently), subject to receipt of regulatory / statutory approvals.

The board also approved other related matters including the constitution of a Rights Issue Committee to implement the proposal of Rights Issue.

Source : Equity Bulls

Keywords

GoaCarbon FundRaising RightsIssue