Punjab Alkalies & Chemicals informs about outcome of board meeting

31 May 2017 Evaluate

Punjab Alkalies & Chemicals has informed that the Board of Directors in their meeting held on 30th May, 2017 has allotted 27,69,200 Fully Convertible Debentures (as per in-principle approval of BSE) and 4,06,000 Non Convertible Debentures on preferential basis to CDR Lenders i.e. IDBI Bank, IFCI, Life Insurance Corporation of India, Punjab National Bank and Punjab and Sind Bank.

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

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