Atul Auto updates on fund raising proposal

Atul Auto Ltd has announced that the Company is considering the proposal to induct funds in the Company to the tune of Rs 20 crore by way of making preferential allotment / QIP Route of equity shares to Qualified Institutional Buyers / Foreign Institutional Investors. The Board Meeting, is also proposed to be held within fortnight to consider the said proposal, to finalise the methodology for postal ballot process to obtain approval of Members for the said allotment.

Source : Equity Bulls

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