The Board of Nakoda Group of Industries Ltd has approved the fund raising and issuance of fully paid equity shares of the company for an amount not exceeding Rs49cr by way of a right issue to the eligible equity shareholders of the company as on the record date (to be determined and informed subsequently.
Further the board of directors has also approved to authorize company to borrow money upto Rs50cr subject to approval of the members of the company in the Extra Ordinary General Meeting.
According to the filing, the board members considered and approved the matter of business Strategic Partnership with Mysore Fruit Products Private Limited to grab the market opportunities and for the better prospects of the company.
Board of directors are authorised to enter into an agreement with Mysore Fruit Products Private Limited to proceed further for such business partnership.
At around 9:17 AM, Nakoda Group of Industries was trading at Rs292.35 per share up by 0.67% on the BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.