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Vindhya Telelinks gets nod to raise funds of Rs 50 crore

16 Sep 2017 Evaluate

Vindhya Telelinks has received an approval for issuance of Unsecured /Unlisted, Rated, Redeemable Non-Convertible Debentures Series-II aggregating to Rs 50.00 crore on private placement basis for pre-payment / re-payment of Inter-corporate Loans and other corporate purposes. The Board of Directors of the company at their meeting held on September 15, 2017 has approved the same.

Vindhya Telelinks is engaged in the manufacture of cables and engineering, procurement and construction (EPC). The company is engaged in the business of manufacturing and sale of telecommunication cables, other types of wires and cables, fiber reinforced plastic (FRP) rods/glass rovings and connectorized cable products.

Peers
Company Name CMP
Larsen & Toubro 3770.00
Kalpataru Projects 1376.45
NCC 130.30
Rail Vikas Nigam 203.00
KEC International 390.40
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