Brief: Sumeet Industries approves fund raising of up to 500 mln rupees

Sumeet Industries

31/03/2017 12:17

March 31 (Reuters) - Sumeet Industries Ltd  SUIN.NS : 
    * Says approved raising of funds NCDs/bonds/non-convertible 
redeemable preference shares to extent of INR 500 million 
    * Says approved increase in borrowing limits 
    * Approved conversion of unsecured loan of promoters and 
promoter group towards adjustment of their entitlement for 
proposed rights issue 
 
Source text for Eikon:  ID:nBSE1Y9bF3  
Further company coverage:  SUIN.NS  
 
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