Sandur Manganese & Iron Ores has raised Rs 450 crore through the allotment of 45,000 secured, listed, rated, redeemable, rupee denominated, transferable and 11% interest bearing Non-Convertible Debentures (NCDs) of Rs 1,00,000 (inclusive of Green-Shoe Option of up to 10,000 NCDs of Rs 1,00,000 each aggregating to Rs 100 crore) on private placement basis to the identified investors. The NCDs are proposed to be listed on BSE. The Board of Directors of the Company through a resolution by way of circulation, has accorded its approval on October 25, 2024, for allotment of the same.
Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.
