Board Meeting21 Aug 2024, 02:12 am
Athena Global Technologies Ltd-$ Approves Rs. 125 Crores NCDs Issuance for Debt Refinancing, Loan Repayment, and Working Capital
AI Summary
Athena Global Technologies Ltd-$ announced the outcome of their Board Meeting held on 20th August, 2024. The Board approved the proposal to raise funds through the issuance of Secured, rated, listed, redeemable, non-convertible debentures (NCDs) up to Rs. 125 Crores (Rupees One Hundred and Twenty Five Crores Only) on a private placement basis. The funds raised will be utilized for refinancing existing debt, repayment of unsecured loans, meeting working capital requirements, and transaction-related expenses. The proposal is subject to shareholder approval and applicable laws and regulations.
Key Highlights
- Approval of NCDs issuance up to Rs. 125 Crores
- Funds to be utilized for debt refinancing, loan repayment, and working capital
- Subject to shareholder approval and applicable laws
- To be listed on BSE Limited
- Tenure, coupon/interest, and charge/security to be agreed with investors