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KS Oils to raise Rs 92 crore abroad via securities
Edible oil manufacturing company KS Oils will raise over Rs 92 crore through the issue of FCCBs or other securities. The board approved raising funds through the issue of FCCBs, GDRs or other instruments at the recently held meeting, the company informed the BSE. The company would also seek shareholders’ approval for the proposal at ihe EGM to be held on September 15.
M&M allots 34,310 shares on FCCB conversion
Mahindra & Mahindra on Monday said it had allotted 34,310 equity shares upon conversion of FCCBs. The company informed the BSE (Bombay Stock Exchange) it had allotted the equity snares upon PCCB conversion by bondholders. Shares of the company closed a) Rs 620.15, up 1.16% on the BSE on Monday.
Varun Shipping to raise Rs 2,500 crore in the market
Varun Shipping said on Monday its board had approved raising Rs 2,500 crore through an issue of securities from the domestic and overseas markets. The board also decided to raise the limit of foreign institutional investor holding to 49%, the company said in a statement.