Walchandnagar Industries has received approval to raise funds not exceeding Rs 200 crore, by way of issue of securities including but not limited to Equity Shares, and/or any other securities convertible into Equity Shares with or without warrant by way of public and/ or private placement, through Qualified Institutional Placement (QIP)/ Rights Issue or through any other permissible mode and / or combination.
The Board of Directors of the Company at its meeting held on November 13, 2018 has approved the same.
Walchandnagar Industries is a high-tech heavy engineering company, manufacturing critical equipment for India's diverse requirements in the field of defence, nuclear power and space programmes.
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