Kesoram Industries is planning to raise funds either through Issue of Non- Convertible Debentures (NCDs) and/or issue of Equity Shares and/or issue of Zero Coupon Optionally Convertible Redeemable Preference Shares as per the Resolution Plan approved In-principle by the Lenders. A meeting of Fund Raising Committee followed by a meeting of Board of Directors of the company is scheduled to be held on November 30, 2020, inter alia, to seek approval for the same.
Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.
