Salem Erode Investments has received approval from board of directors to raise Rs 3.43 crore through 34,335 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1000 each on a private placement basis, at par. The board of directors at its meeting held on January 13, 2022 has approved the same.
Salem Erode Investments is a dedicated finance company.