MoneyWorks4Me

Ganesha Ecosphere gets nod to raise funds up to Rs 250 crore

14 Aug 2017 Evaluate

Ganesha Ecosphere has received an approval to raise funds by way of issue of Equity Shares including Convertible Bonds/ Debentures through Qualified Institutional Placement (QIP) and/ or Depository Receipts and / or bank borrowings and/ or any other modes for an amount not exceeding Rs 250.00 crore. The Board of Directors of the Company at their meeting held on August 12, 2017 has approved the same.

Ganesha Ecosphere is a widely held company engaged in the recycling of post consumer PET bottle waste into Recycled Poyester Staple Fibre (RPSF).

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