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Board of AksharChem (India) considers fund raising through QIP

Capital Market 

At meeting held on 13 July 2017

The Board of Directors of (India) in their meeting held on 13 July 2017 has reiterated and re-endorsed the resolution of the Board of Directors dated 14 November 2016 and as approved by the shareholders of the Company by way of a special resolution, through a postal ballot, the results of which were declared on 04 January 2017, for fund raising by way of a qualified institutions placement of equity shares of face value of Rs. 10 of the Company.

The Board has authorised the QIP Committee to determine the detailed terms and conditions thereof.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 11:30 IST