QGO Finance board approves to raise Rs7 crore through NCDs; Stock up 3%

12 Dec 2022 , 11:44 AM

The Board of Directors of QGO Finance Limited at its meeting held on December 10, 2022 at 10:30 AM and concluded at 10:45 AM have, considered, approved the fund raising proposal by the company.

As per the regulatory filing, the company has approved and taken on record the issue of Unsecured, unlisted, redeemable, Non-convertible Debentures (NCDs) under Private Placement basis up to Rs70,000,000 within the borrowing limits of the Company as approved by the shareholders, the company said.

On Monday at around 11:46 AM, QGO Finance was trading at Rs38 per share higher by Rs1.20 or 3.26% on the BSE.

Previously, the scrip ended at Rs36.80 per share on the BSE platform.

For feedback and suggestions, write to us at [e-mail]