Brief: India's Vikas WSP Seeks Fresh Preferential Issue To Raise Funds

Vikas WSP

25/09/2019 07:26

Sept 25 (Reuters) - Vikas WSP Ltd  VWSP.NS :
    * SAYS DUE TO CASH FLOW PROBLEMS SINCE 2013/14, CO UNABLE TO
FETCH
NEED-BASED EXPORT ORDERS FROM FOREIGN CUSTOMERS
    * SOUGHT THE RE-CONFIRMATION OF THE PREFERENTIAL ISSUE
PROCESS
DURING AGM
    * ISSUE WOULD ASSIST IN BOOSTING THE EXPORT SALES IN TIMES
AHEAD
    * SAYS CURRENTLY UTILIZING JUST 20%-25% OF PRODUCTION
CAPACITY DUE
TO SHORTAGE OF FUNDS

Source text for Eikon:  ID:nBSE21vSr8 
Further company coverage:  VWSP.NS 

 ((Reuters.Briefs@thomsonreuters.com;))