The first tranche of equity investment of Rs3 crore by the bank is expected to be completed by March 31, 2022, it added.
Also, the Board also decided to re-designate Mr. Kartik Bharat Ram as Joint Managing Director of the Company with effect from April 1, 2022, subject to shareholder’s approval in the forthcoming Annual General Meeting.
Till now about 105.14 Lakh farmers have been benefitted with MSP value of Rs1,45,358.13 crore.
Shree Cement has started commercial production at Company's Clinkerisation Unit (Kiln-3) at Baloda Bazar, near Raipur.
The company has bagged an order for two road projects worth Rs1,744 crore in Maharashtra.
The company had earlier allotted 3,82,60,868 convertible equity warrants of the face value of Rs2/- each at a price of Rs42.55.
The company will allot 1,750 secured NCDs each of face value of Rs10 lakh at a price of Rs10,05,497 per debenture.
This would be the second sale by Canada Pension Fund in a week as in the last week it sold 4 crore shares in Kotak Mahindra Bank.
The entire pool is from the non-priority sector.
Srivats Ram has more than 25 years of experience in the automotive industry.
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