Sintex Industries plans to raise Rs 1,000 crore

26 Jul 2016 Evaluate

Sintex Industries, one of the leading plastic products makers in India, is planning to raise Rs 1,000 crore from the market by issuing debt securities on a private placement basis.  The board of the company is meeting on July 28, 2016 to consider issue of unsecured/secured redeemable non-convertible debentures/bonds aggregating up to Rs 1,000 crore on private placement basis, in one or more tranches. Further, the board would also consider issuing equity shares to the existing shareholders of the company through rights issue.

Sintex Industries is the world largest producer of plastic water tank. It manufactures a wide range of plastic products including prefabricated structures, industrial custom molding products, monolithic constructions and water storage tanks.

Sintex Industries Share Price

2.21 0.00 (0.00%)
10-Feb-2023 18:03 View Price Chart
Peers
Company Name CMP
PDS 475.00
Vardhman Textiles 445.00
Arvind 269.20
Welspun Living 137.65
Alok Inds 25.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.