The Sandur Manganese & Iron Ores has informed that the Board of Directors at its 374th meeting held today i.e., Monday, September 16 2024 which commenced at 4.00 P.M. and concluded at 5.30 P.M., inter alia, considered and approved raising of funds by way of issuance of such number of Equity Shares of face value Rs 10 each, in one or more tranches, for an aggregate amount not exceeding Rs 1,000 crore or an equivalent amount thereof, at such price or prices as may be permissible under applicable law, by way of Qualified Institutions Placement (QIP) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) “SEBI (ICDR)” Regulations, 2018 and other applicable laws, to such investors that may be permitted to invest in such issuance of Equity Shares, subject to receipt of approval of shareholders of the Company and such other regulatory/ statutory approvals, as may be required.
The Board has constituted and authorized Qualified Institutions Placement Committee of Directors to, inter-alia, decide on the terms and conditions of the issuance of Equity Shares and all related matters thereto.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Coal India | 450.60 |
| NMDC | 87.33 |
| GMDC | 682.70 |
| Sandur Manganese | 209.35 |
| MOIL | 322.25 |
| View more.. | |
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