21 Feb 2022 , 01:11 PM
Welspun India Ltd has informed to the exchanges regarding fund raising proposal by the company.
In a regulatory filing on Monday, the company informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 23, 2022, inter alia, to consider the issuance of Debentures, Commercial Papers or any other form of borrowing upto Rs500 crore and consider approaching shareholders accordingly as may be required.
At around 1:12 PM, Welspun India was trading at Rs112 apiece down by Rs3.85 or 3.32% against its previous closing of Rs115.85 apiece on the BSE.
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