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Deep Industries informs about company updates

29 Apr 2016 Evaluate

Deep Industries has informed that the Board of Directors of Prabha Energy, Subsidiary Company of Deep Industries at its Board Meeting held on April 29, 2016 has decided to accept Non-binding Foreign Investment proposal by way of Mandatory Convertible Securities up to $20 Million, subject to all necessary statutory compliances and due diligence.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ONGC 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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