Indo Rama Synthetics (India) is planning to issue secured redeemable non-convertible debentures (NCDs) to the investors other than Promoters by way of Preferential Issue on Private Placement basis, amounting to Rs 183.33 crore. The Meeting of the Board of Directors of the company will be held March 09, 2018, to consider the same.
The company is also planning to issue secured compulsorily convertible debentures (CCDs) to the investors other than Promoters by way of Preferential Issue on Private Placement basis, amounting to Rs 16.67 crore.
Indo Rama Synthetics (India) has focused business activities in the field of Textiles, Polyesters and Industrial Chemicals.
