Wednesday, October 5, 2022
HomeBusiness NewsHatsun Agro board approves proposal to boost ₹700 crore

Hatsun Agro board approves proposal to boost ₹700 crore

- Advertisement -

Board additionally approves proposal to put money into 20% fairness of Huoban Power 4 Pvt. Ltd.

Board additionally approves proposal to put money into 20% fairness of Huoban Power 4 Pvt. Ltd.

The board of Hatsun Agro Product Ltd. (HAPL) on Monday permitted proposals to take a position as much as 20% of the paid up share capital capital of Huoban Power 4 Pvt. Ltd. and elevating ₹700 crore by personal placement of fairness shares by way of certified institutional placement (QIP).

HAPL shall be selecting up 20% stake within the fairness share capital of Huoban Power 4 Pvt. Ltd. for the aim of captive consumption of photo voltaic vitality for its cattle feed and diary plant in Maharashtra, the corporate stated in a submitting.

The diary-product maker could be tabling a decision on the firm’s annual common assembly scheduled for September 20 looking for shareholders’ approval for the proposal to boost ₹700 crore by personal placement of fairness by the use of Certified Institutional Placement (QIP).

By- The Hindu

ALSO READ :-   Morning Digest | Japan’s ruling get together wins large in polls within the wake of Abe’s demise; Djokovic wins his seventh Wimbledon title, and extra
RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -