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19 April, 2021 12:21 IST
Welspun India's board approves raising up to USD 100 mn
Source: IRIS | 05 Mar, 2021, 09.23AM
Rating: NAN / 5 stars.
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 Welspun India, one of the top three home textile manufacturers in the world announced that board in its meeting held on Mar. 03, 2021 have approved raising upto a maximum of USD 100 million (approximately Rs. 7,500 million) in one or more tranches.

The board of directors has "approved raising of borrowing of up to a maximum of USD 100 million in one or more form or instruments, including but not limited to loans, ESG Bonds, nonconvertible debentures (NCDs), ECBs, etc, may be raised in form of domestic or overseas issuance or both, or any combination of loans, ESG Bonds, NCDs, ECBs, etc., in one or more tranches," company said. 

The board also authorised approaching the shareholders seeking requisite approvals to be obtained by way of a general meeting.

Shares of the company gained Rs 4.90, or 6.95%, to settle at  Rs 75.45.  The total volume of shares traded  was 371,780 at the BSE (Thursday).  

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