Board Meeting27 Jun 2024, 01:29 am
Navin Fluorine International to Consider Fund Raising Proposal of Up to ₹750 Crores
AI Summary
Navin Fluorine International Limited has informed the BSE about a scheduled Board Meeting on June 29, 2024, to discuss and consider a proposal for raising funds. The company had obtained shareholder approval for fundraising up to ₹750 crores, which is valid until July 30, 2024. The Board will discuss various fundraising methods, including qualified institutional placement, private placement, public issue, preferential issue, or any other permissible mode, in accordance with SEBI regulations and other applicable laws.
Key Highlights
- Navin Fluorine International Limited to consider a fundraising proposal of up to ₹750 crores
- Special Resolution for fundraising approved at the 25th Annual General Meeting on July 31, 2023
- Fundraising to be carried out through various methods such as qualified institutional placement, private placement, public issue, or preferential issue
- Proposal to comply with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws
- Board Meeting scheduled on June 29, 2024, to discuss and approve the fundraising proposal