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


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.

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

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


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