Board of Sangam (India) approves capex of Rs 198 crore
At meeting held on 04 August 2015
Sangam (India) announced that the Board of Directors of the Company at its meeting held on 04 August 2015, inter alia, has :1. Approved an expansion programme having outlay of Rs. 198 crore.
2. Approved the enhancement of investment limits of Foreign Institutional Investors (FIIs) from 24% to 49% subject to approval of the members at the ensuing general meeting.
3. Approved the appointment of R. P. Soni, Chairman of the Board as Whole-time Director w.e.f. 01 September 2015 for a period of 3 years, subject to approval of the members at the ensuing general meeting.
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