Kalpataru Projects International Ltd to raise funds

The Board of Directors (the "Board") of Kalpataru Projects International Limited (the "Company") at its meeting held today, has approved the proposal for setting up of fund raising limit by way of issuance of secured / unsecured redeemable Non-Convertible Debentures ("NCDs") by the Company upto Rs. 1600 Crores (principal amount) outstanding at any point of time (inclusive of current NCDs amounting to Rs. 1298 Crores) and has authorized the Executive Committee of the Board of Directors for the same.

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 1273.95 as compared to the previous close of Rs. 1227.60. The total number of shares traded during the day was 64154 in over 3055 trades.

The stock hit an intraday high of Rs. 1284.50 and intraday low of 1233.05. The net turnover during the day was Rs. 81408423.00.

Source : Equity Bulls

Keywords

KalpataruProjectsInternational INE220B01022 FundRaising NCDs