Athena Global Technologies Limited to raise Rs. 125 crores through NCDs

The Board of Directors of Athena Global Technologies Limited in their meeting held today i.e. 20th August, 2024 the board has reviewed and approved the proposal of raising funds through issuance of Secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating upto Rs. 125 Crores (Rupees One Hundred and Twenty Five Crores Only) on a private placement basis, in one or more tranches.

The funds raised through this issuance will be utilized towards the following purposes:

- Refinance/closing of existing debt,
- Repayment of unsecured loans,
- Meeting working capital requirements,
- Transaction-related expenses.

This proposal is subject to the approval of shareholders and will be carried out as per the provisions of applicable laws and regulations.

Shares of Athena Global Technologies Ltd was last trading in BSE at Rs. 112.25 as compared to the previous close of Rs. 112.70. The total number of shares traded during the day was 5339 in over 94 trades.

The stock hit an intraday high of Rs. 114.90 and intraday low of 108.00. The net turnover during the day was Rs. 600524.00.

Source : Equity Bulls

Keywords

AthenaGlobalTechnologies INE576B01019 FundRaising NCDs PrivatePlacement