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Outcome of board meeting of Shri Keshav Cements & Infra

Capital Market 

Held on 11 July 2018

The Board of & Infra have considered the objects of the proposed rights issue. The proposed Solar Power project has already been implemented and commissioned by the Company by availing term and through internal sources as well as unsecured availed from promoter/ promoter group entities. In view of the same the object of the issue may be amended to part finance; a) Repayment/ prepayment of unsecured to promoter/ promoter group entities, financial institutions/ Banks. b)To part working capital requirements of the Company. c) To meet issue expenses.

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

First Published: Wed, July 11 2018. 12:54 IST