Websol Energy System Ltd.

BSE: 517498 | NSE: WEBELSOLAR
Small Cap | Electronics - Components
85.50
-1.20 (-1.38%)
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Websol Energy Systems to raise additional capital upto Rs 100 crore

Date: 22-07-2011

Websol Energy Systems would consider raising of additional capital in the form of ADRs/ GDRs/ FCCBs/ QIP /Preferential Allotment/ Warrants or Rights Issue or any combination thereof up to Rs 100 crore.

The company’s board of directors, in their meeting scheduled on July 30, 2011, would also consider and approve increase in the Borrowing power from Rs 500 crore to Rs 750 crore. Further, in the same meeting itself would also consider and approve the authority to mortgage / create charges on the properties of the Company against borrowings.

Websol Energy Systems is a leading producer of Solar Photovotaic Cells and Modules in India. It is one of the fastest growing companies within the solar photovoltaic industry in India with a 30 per cent annual growth rate and a 10 MW manufacturing facility for cells and modules.