Brief: Sundaram Multi Pap approved raising of funds up to 300 million rupees

Sundaram Multi Pap

07/07/2016 13:17

July 7 (Reuters) - Sundaram Multi Pap Ltd  SUMP.NS : 
 * Approved raising of funds up to an amount not exceeding 300 million rupees by 
way of qip / preferential issue 
 
 * Source text: [Sundaram Multi Pap Limited has informed the Exchange that a meeting of Board of Directors of the company held on July 7, 2016 and Board inter alia, has discuss, considered and approved the following matter. Raising of funds up to an amount not exceeding Rs.30 Crores pursuant to Section 42 and Section 62 of the Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to the approval of members, by way of issuing Share warrants to the promoter and promoter group and by way of issue of fully paid up Equity shares or issuing Debentures by way of QIP / Preferential Issue] 
 
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