Valencia Nutrition has informed that approval of the board be and is hereby accorded to avail short-term unsecured Bridge loan for proposed rights issue up to an amount of Rs. 3,00,00,000 (Rupees Three Crores only) from the Non-banking Financial Company- Abans Finance for financing the Company's funding requirements on such terms and conditions as may be mutually agreed upon between the Company & lender. Further, the said short-term unsecured Bridge loan will be repaid out of the net proceeds of the rights issue.
The above information is a part of company’s filings submitted to BSE.
