Board of Elecon Engineering Company considers private placement of NCDs up to Rs 150 cr

At meeting held on 10 December 2018

The Board of Elecon Engineering Company at its meeting held on 10 December 2018 has approved to delegate the powers to the Management Committee of the Company for finalizing, negotiating, deciding terms and conditions and executing necessary documents with various authorities and to do all other things, acts required for issue and allotment of Listed Secured Redeemable Non-Convertible Debentures upto Rs. 150.00 crore in one or more tranches on private placement basis.

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