Held on 05 January 2016
Sagar Cements announced that the Board of Directors of the Company at its meeting held on 05 January 2016 approved a proposal to furnish corporate guarantees and to pledge the investments held or to be held by the Company in its wholly owned subsidiary viz., BMM Cement on a pari-passu basis to secure the Non-Convertible Debentures proposed to be issued and the credit facilities availed/ to be availed aggregating Rs 299 crore by the said subsidiary.Powered by Capital Market - Live News