Shree Cement Ltd approves issue of NCDs worth Rs. 700 crore

The "NCD Committee" of the Board of Directors of Shree Cement Ltd at its meeting held today, has approved the issuance of secured, rated, redeemable, taxable, non-convertible debentures ("NCDs") with a base issue size of Rs. 350 crore with an option to retain oversubscription upto Rs. 350 crore aggregating to a total Issue size of upto Rs. 700 crore (Rupees Seven Hundred Crores) on private placement basis to certain eligible investors permitted to invest in the NCDs under applicable laws.

Shares of SHREE CEMENT LIMITED was last trading in BSE at Rs. 25933.80 as compared to the previous close of Rs. 26256.90. The total number of shares traded during the day was 838 in over 527 trades.

The stock hit an intraday high of Rs. 26429.65 and intraday low of 25823.50. The net turnover during the day was Rs. 21829460.00.

Source : Equity Bulls

Keywords

SHREECEMENT INE070A01015 FundRaising NCDs