Board Meeting17 Jan 2024, 05:04 pm
Savita Oil Technologies Ltd to Raise Rs 125 Crore through Private Placement of Optionally Convertible Debentures
AI Summary
The Board of Directors of Savita Oil Technologies Ltd has agreed to subscribe 12,50,00,000 Optionally Convertible Debentures (OCDs) on private placement basis, aggregating to Rs 125,00,00,000/-. The meeting commenced at 11:00 a.m. and concluded at 11:20 a.m.,
Key Highlights
- Subscription of OCDs on private placement basis
- Rs 125 crore fundraise
- Wholly-owned subsidiary company
- Board meeting outcome