OPEN APP
Home >Companies >News >Welspun India's board approves raising up to $100 mn

Home textiles major Welspun India's board has approved raising up to $100 million (approximately 750 crore) in one or more tranches.

The board of directors has "approved raising of borrowing of up to a maximum of $100 million in one or more form or instruments, including but not limited to loans, ESG Bonds, nonconvertible debentures (NCDs), ECBs, etc, may be raised in form of domestic or overseas issuance... in one or more tranches", Welspun said in a regulatory filing.

The board also authorised approaching the shareholders seeking requisite approvals to be obtained by way of a general meeting.

Shares of Welspun India were trading 0.99% higher at 71.25 apiece on the BSE.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout