Allcargo Logistics has informed that the Resource Raising Committee of the Company at its meeting held on March 28, 2016, has considered and approved raising of funds up to Rs 300 Crore by issue of Secured Non-Convertible Redeemable Debentures (NCDs) on Private Placement basis to be issued in one or more tranche(s) from time to time subject to obtaining Shareholders approvals by way of Postal Ballot/Electronic voting and necessary statutory and regulatory approvals. The proposed NCDs will be listed on the stock exchange(s). The Committee Meeting commenced at 11:30 a.m. and concluded at 1:45 p.m.
The above information is a part of company’s filings submitted to BSE.
