Board of Directors of Salasar Techno Engineering approves fund raising up to Rs 200 cr

0



During the meeting of June 22, 2022

The Board of Directors of Salasar Techno Engineering, at its meeting on June 22, 2022, approved the raising of funds through the issuance of equity shares up to an aggregate amount of Rs 200 crore through an allotment preferential and/or via QIP, FCCB, ADR.

The board approved the increase of the authorized share capital from Rs 31.50 crore to Rs 35 crore and the consequent amendment to the capital clause of the memorandum of association of the company.

The board also approved the improvement of borrowing limits from Rs 500 crore to Rs 700 crore.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

First published: Wednesday, June 22, 2022. 1:13 PM IST

Share.

About Author

Comments are closed.