National Plywood Industries gets nod to raise funds up to Rs 30 crore

30 Jul 2018

National Plywood Industries has received an approval for raising of funds by way of issue of securities including but not limited to Equity Shares and / or American Depository Receipts and / or Global Depository Receipts and / or any other securities convertible into Equity Shares and / or Non Convertible Debentures with or without warrants, through Further Public Offer / Qualified Institutions Placement (QIP) / Preferential Issue / Rights Issue or through any other permissible mode or a combination thereof, as may be permitted under applicable laws, subject to approval of the Members of the company and Statutory / Regulatory Authorities, if required and other appropriate approvals, for an aggregate amount of up to Rs 30 crore.

The Board of Directors of the company at their meeting held on July 27, 2018, approved the same.

National Plywood Industries manufactures plywoods, block boards, decorative & industrial laminates plywood.

Related National Plywood Industries Ltd. Links:

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