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Mangalore Refinery & Petrochemicals informs about raising of funds

04 Dec 2021 Evaluate
Mangalore Refinery & Petrochemicals has informed that the Board has approved, the following: acquisition of up to 100% of CCD issued by OMPL, a wholly owned subsidiary of the Company, from the debenture holders, for an aggregate consideration of up to Rs 1,000 crores. The information in connection with the said matter, pursuant to the disclosures as required under Regulation 30 of the SEBI LODR Regulations read with the Securities and Exchange Board of India Circular dated 09/09/2015, is enclosed as Annexure A. With regard to raising of funds by issuance of perpetual bonds, the Board advised the management to have further consultations with the proposed investors. Accordingly, no decision was taken in respect of issuance of perpetual bonds.

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

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