Kwality has informed that the Board of Directors of the Company at its meeting held on June 24, 2016, has discussed, considered and approved the all actions as may be necessary for availing credit facilities from the lender(s), up to Rs 3,000,000,000, out of which Rs 2,000,000,000 to be availed by way of term loan and Rs 1,000,000,000 by way of issue of Unlisted Non-Convertible Debentures; to open a special account with Banker(s) for availing of such credit facilities; and to appoint Debenture Trustee and Security Trustee.
The above information is a part of company’s filings submitted to BSE.
