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KPTL Seeks Shareholders' Nod To Raise Rs 300 Crore Via NCDs

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KPTL Seeks Shareholders' Nod To Raise Rs 300 Crore Via NCDs
New Delhi: Kalpataru Power Transmission Ltd has sought shareholders' approval to raise Rs 300 crore through issuance of non-convertible redeemable debentures.

A special resolution is listed for the Annual General Meeting of the company on August 12 for allowing the board to issue secured/unsecured redeemable non-convertible debentures for an aggregate amount of Rs 300 crore, the company stated in a regulatory filing today.

The debentures can be issued during the period of one year period from the date of this Annual General Meeting, in one or more series/tranches, on a private placement basis, to one or more persons, bodies corporate, banks/financial institutions, mutual funds, NBFC, other investors / investing agencies etc.

Besides this, the shareholders will also consider and approve the financial results of the company in the annual general meeting next month.

There is also a proposal to approve the interim dividend of Rs 1.50 per equity share already paid during the year, for the year ended March 31, 2016.

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


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