Loan & Debt30 Sept 2026, 06:30 pm
GP Petroleums Ltd Approves ₹130 Cr Debt Fundraising
AI Summary
GP Petroleums Limited's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs) to RevX Special Credit Opportunities Fund II. The company plans to raise up to ₹30 Crores through NCDs and up to ₹100 Crores through OCDs, totaling ₹130 Crores. These funds will support the company's working capital requirements and business growth. The issuance is subject to shareholder and other regulatory approvals. A postal ballot notice will be sent to members seeking consent.
Key Highlights
- Board approved raising ₹30 Cr via NCDs.
- Board approved raising ₹100 Cr via OCDs.
- Funds to support working capital and growth.
- Issuance subject to shareholder approval.
- Postal ballot to seek member consent.
Price Impact
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