Himatsingka Seide Ltd board to consider fund raising on Dec 15, 2022

A meeting of the Board of Directors of Himatsingka Seide Limited is scheduled on 15/12/2022, to consider and approve proposal to raise funds not exceeding USD 13 Mn (Equivalent to approximately INR 108 crores) by way of issuance of equity shares, foreign currency convertible bonds, global depository receipts, American depository receipts and / or any other instruments convertible into equity shares.

The board will also consider issue of non-convertible debentures for an amount not exceeding INR 500 crores, to identified investors.

The Board shall consider seeking approval of the shareholders through postal ballot process in respect of the aforesaid proposals of fund raising.

Shares of Himatsingka Seide Limited was last trading in BSE at Rs. 93.80 as compared to the previous close of Rs. 94.80. The total number of shares traded during the day was 12662 in over 460 trades.

The stock hit an intraday high of Rs. 95.35 and intraday low of 93.20. The net turnover during the day was Rs. 1191338.00.

Source : Equity Bulls

Keywords

HimatsingkaSeide INE049A01027 FundRaising FCCBs GDRs ADRs NCDs