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Sonata Finance informs about raising of funds

12 Feb 2021 Evaluate

Pursuant to Regulation 50(2) and 50(3) of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, Sonata Finance has informed that the Meeting of the Board of Directors of the Company is scheduled to be held on 24th February, 2021 to  consider the proposal to offer and issue Secured, Redeemable, Rated, Listed, Non-Convertible Debentures by way of Private placement up to Rs 22,00,00,000 to eligible funds of Blue Orchard Finance, on such terms and conditions as may be decided by the Board of Directors of the Company.

The above information is a part of company’s filings submitted to BSE.