ALSO READBoard of Sagar Cements to consider preferential issue of equity shares Sagar Cements standalone net profit declines 79.91% in the June 2016 quarter Sagar Cements standalone net profit declines 71.53% in the September 2016 quarter Sagar Cements plans to raise funds for expansion Sagar Cements to hold board meeting
At meeting held on 28 November 2016Sagar Cements announced that the Board at its meeting held on 28 November 2016 inter-alia, fixed an issue price of Rs. 800/- (Rupees eight hundred only) per equity share (which includes a premium of Rs. 790/- per share) for the 6,11,986 equity shares of Rs. 10/- each of the company being issued for cash on a preferential basis, subject to receipt of further necessary approvals as may be required.
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