At the recently concluded meeting
Marsons announced that the Board of Directors of the Company at their meeting transacted the following-The Board has discussed in depth and decided to restructure the business to cope up with increasing business opportunities and as one of the measure it was decided to offer equity shares at the rate of Rs. 20/- to unsecured creditors against their respective dues, subject to their consent.
On successful completion of this, the Company would be in much better financial position and would be able to raise more debt/ funds for the purpose of growing the business in this current environment.
2. The Board has discussed in depth to raise fresh funds upto Rs. 50 crore for the expansion and growth of the Business by issuing Equity / Warrants / or any other instruments equivalent to Equity.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app