15 Dec 2019 | 6:31 AM

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Samruddhi Realty plans to raise Rs 75 cr via NCDs
  Samruddhi Realty Ltd. | 23 Aug 2018 | 03:41 PM
Published on 07-19-2016
Samruddhi Realty Ltd said that it is planning to raise Rs 75 crore by issuing Non Convertible Debentures (NCDs) on private placement.


“The Board of Directors of the Company at its meeting held on July 18 2016 has approved the proposal for issue Non Convertible Debentures (NCDs) on private placement basis aggregating to Rs. 75 Crores (Rupees Seventy Five Crores Only) in different tranches” the company said in a filing to the Bombay Stock Exchange.


This issue is pursuant to the resolution passed by the shareholders in the Extra Ordinary General Meeting held on May 26 2016 under Section 42 of the Companies Act 2013 the filing added.


Meanwhile shares of the company were trading at Rs 30.20 apiece up 6.34 per cent from the previous close at 10:50 hours on BSE.