Kesoram Industries has informed that the Board of Directors of the Company in its meeting held on 14th May, 2021 has approved raising of funds upto Rs 600 crore, by way of issuance of securities of the Company through one or more modes including by way of a private placement, follow-on public offering, qualified institutions placement or a combination thereof, as may be considered appropriate, subject to shareholders' approval or through a rights issue, in compliance with applicable law. Out of the total amount of funds to be raised, Rs 200 crore shall be raised by issuance and allotment of equity shares by way of a rights issue.
The above information is a part of company’s filings submitted to BSE.
