Sicagen India’s board has approved the proposal for fund raising by way of issuance of preference shares to the extent of Rs 25 crore under private placement subject to the shareholders’ approval at the ensuing Annual General Meeting. As part of comprehensive strategy and business development and also to enhance the working capital requirement, the Board of Directors of the company, at its meeting held on May 26, 2021 has inter alia considered and approved the proposal for fund raising.
Sicagen India is country's leading provider of trading and marketing services for construction-related industrial and retail infrastructure.
