Weizmann Forex is planning to raise funds by issue of equity shares and/or any other permissible securities convertible into Equity Shares and /or Global Depository Receipts and /or American Depository Receipts through public issue and/or rights issue and/or private placement including Qualified Institutional Placement or through any other permissible mode or a combination thereof, for an amount not exceeding Rs 300 crore. The Board of Directors of the company at their meeting held on September 13, 2017 have recommended the same for the approval of members through Postal Ballot.
Weizmann Forex has diverse interests in Textile Manufacturing, Exports, Hydro and Wind Power generation, Foreign Exchange transactions, Inward Money Transfer and other financial services.
