Board of Sakuma Exports approves sub-division of shares and fund raising upto Rs 800 cr

Image
Capital Market
Last Updated : Sep 14 2018 | 4:04 PM IST
The Board of Sakuma Exports at its meeting held on 06 September 2018 has approved the following -

Sub-Division of Equity Shares of the Company from the existing face value of Rs. 101- per equ ity share to face value of Re. 1/- per equity share.

The alteration of ' Capital Clause - Clause Y' of the Memorandum of Association of the Company as per Section 13 and 61 and all other applicable provisions, ifany, of tile Companies Act, 2013 read with the rules made thereunder, subject to the approval of the Members of the Company.

The Board of Directors of the Company have, subject to receipt of shareholders' approval, approved raising funds by issue of equity shares, as may be permitted, by way of a qualified institutions placement ('QIP')/Foreign portfolio Investment (FP I) or any other placement for an aggregate amount not exceeding Rs. 800 crore.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Sep 14 2018 | 3:50 PM IST

Next Story