Sejal Glass Limited approves QIP

The Board of Directors of Sejal Glass Limited at its meeting held today i.e. Wednesday, January 18, 2023, has approved the raising of funds by issue of Equity Shares through Qualified Institutional Placement (QIP) for an aggregate sum not exceeding Rs.90,00,0 0,000 (Rupees Ninety Crores Only), in accordance with the provisions of Chapter VI and other applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (hereinafter referred to as "SEBI ICDR Regulations") 2018, as amended from time to time and any other applicable laws, in one or more tranches on such terms and conditions as may be required.

The board also approved issue and allotment of Non-Cumulative Redeemable Preference Shares to the Promoters / Promoters group / Associates / Body Corp orates on Preferential basis in one or more tranches for an amount not exceeding Rs. 45,00,00,000 (Rupees Forty Five Crore Only).

Source : Equity Bulls

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SejalGlass FundRaising QIP