Nahar Industrial Enterprises gets nod to raise Rs 100 crore

16 Jan 2019

Nahar Industrial Enterprises has received approval from its board to raise funds by issue of 5.5% Non-Convertible Non-Cumulative Redeemable Preference Shares of Rs 100/- each up to maximum of Rs 100 crore to Promoter Group entities in one or more tranches, to be redeemed within 5 years.

Further, the Board has also approved increase/ alteration of Authorized Capital from existing Rs 65 crore to Rs 150 crore (comprising of Equity share capital of Rs 50 crore and 5.5% Non Convertible Non Cumulative Redeemable Preference share capital of Rs. 100 crore).

Nahar Industrial Enterprises is a vertically-integrated textile manufacturer.

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Nahar Ind.Enterprise Share Price

53.60 -0.10 (-0.19%) May 07, 18:03
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Company Name CMP
Trident 15.26
Filatex India 101.85
Sutlej Textiles&Inds 48.75
Nahar Spinning Mills 119.85
Nahar Ind.Enterprise 53.60
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