Industrial Investment Trust has received approval for raising funds upto a limit of Rs 50 crore through issuance of equity shares and/or other convertible securities including debentures by way of Preferential Allotment / QIP / Rights Issue.
The meeting of the Board of Directors of the company held on August 13, 2018 approved the same.
Industrial Investment Trust is an investment company with a long-term view of its portfolio. The investment portfolio is well diversified and it also trades in futures and options.