Comments
Plastic and textiles firm Sintex Industries today said it will raise up to Rs 1,538 crore via issuance of foreign currency convertible bonds (FCCBs) and non-convertible debentures.
In a BSE filing, Sintex said: “Board of directors of the company approved the issue of foreign currency convertible bonds for an amount not exceeding $200 million (Rs 1,338 crore) and formation of the FCCB committee to approve the terms of FCCBs, issue price, opening and closing date of the issue.”
It further said: “The board has also approved issue of secured redeemable non-convertible debentures (NCDs) to banks and financial or any other institution for an amount not exceeding Rs 200 crore.”
Sintex Industries shares were trading 0.70 per cent up at Rs 79 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.