Brief: Forbes & Co approves NCD issue of up to 400 mln rupees
12/07/2016 10:58
July 12 (Reuters) - Forbes & Company Ltd FBGX.BO : * Approved issue of non-convertible debentures upto aggregate value 400 million rupees * Source text: Forbes & Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2016, has approved issue of Secured Non-convertible Debentures (NCDs) on private placement basis upto aggregate value Rs. 40 crores. The Board authorised severally the Chairman and the Managing Director to finalise the terms of Issue of NCDs. The NCDs are proposed to be listed on wholesale debt segment of BSE Ltd. * Further company coverage FBGX.BO ((Bengaluru Newsroom; +91 80 6749 1130))
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