Nibe Ordnance and Maritime’s subsidiary -- Nibe Munition has raised an amount of Rs 106.3 crore by issuance of 0.01% Compulsory Convertible Debentures (CCDs) having face value of Rs 9700 on private placement basis to non-promoters. The proceeds of the same will be utilised to meet cost of setting up of manufacturing facilities, long-term working capital reequipments and general corporate purpose.
Nibe Ordnance and Maritime (Formerly known as Anshuni Commercials) operates a chain of jewellery stores. The company buys and exports cut and polished diamonds.
