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Board of Autoline Industries approves fund raising via issue of equity securities

Capital Market 

At meeting held on 16 March 2021

The Board of Autoline Industries at its meeting held on 16 March 2021 has approved raising of funds to the tune of Rs 28 crore by way of issue of 70 lakh equity shares of Rs 10 each at issue price of Rs 40 each on preferential basis.

The Board also approved raising of funds to the tune of Rs 4.5 crore by issue of upto 10 lakh convertible warrants having face value of Rs 10 each at issue price of Rs 45 per warrant on preferential basis to promoters of the company.

The Board approved the increase in authorised share capital from Rs 35 crore to 42 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, March 17 2021. 11:24 IST