Sanghi Industries has received an approval to raise funds in India or in foreign markets, by issue of Equity Shares and/ or Convertible and/or Non Convertible Debentures, and/or Preference Shares and/or Bonds and/or any other financial instrument convertible into equity shares, or such other securities, as may be permitted, by way of a public or private offering, including through a Qualified Institutions Placement (QIP) or any combination thereof, or any other method as may be permitted under applicable laws, for an aggregate amount not exceeding Rs 1000 crore in one or more tranches. The Board of Directors of the company at their meeting held on August 09, 2017 has approved the same.
Sanghi Industries is the flagship company of the Ravi Sanghi Group dealing in the production and distribution of Cement under the Brand Name ‘Sanghi Cement'.
