What to watch: Focus on fund-raising plans of Escorts

| Updated on March 19, 2020

The board of directors of Escorts Limited will meet on Friday to consider fund-raising plans. The proposal is to allot shares through the preferential route and a corresponding reduction of an equivalent number of shares held by Escorts Benefit and Welfare Trust. Upon implementation the scheme, there will be no change in the total paid-up equity capital of the company. Shareholders will closely monitor the quantum of shares to be issued and the price of the issue.

Published on March 20, 2020

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