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Board of Blue Blends (India) decide to increase capacity and modernise plant

Capital Market 

At meeting held on 12 January 2016

Blue Blends (India) announced that the Board of Directors of the Company at its meeting held on 12 January 2016 transacted the following -

Decided to increase the manufacturing capacity of the Company to 22.50 million meters in the next financial year. It was decided to modernise the existing manufacturing capacity to improve the plant efficiency.

To finance the above plan, the Company has decided to raise funds up to Rs 60 crore by issue of equity shares on preferential basis to non-promoter group.

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First Published: Tue, January 12 2016. 19:04 IST