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Board of Trident approves fund raising up to Rs 1100 cr through various options

Business Finance

Capital Market 

At meeting held on 16 May 2020

The Board of Trident at its meeting held on 16 May 2020 has approved the following -

1. Approved fund raising for an amount not exceeding Rs 600 crore by issue of Non-Convertible Debentures by way of public or private offering, in one or more tranches.

2. Approved fund raising for an amount not exceeding Rs 500 crore by issue of equity shares, non convertible debt instruments along with warrants, convertible debt instruments, convertible securities other than warrants or foreign currency convertible bonds and / or such other securities, as may be permitted, by way of a public or private offering, including Qualified Institutions Placement or any combination thereof, or any other method as may be permitted under applicable law, in one or more tranches, subject to such regulatory/ statutory approvals, as may be required.

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

First Published: Mon, May 18 2020. 11:14 IST