JMC Projects India Ltd approves NCD issue of Rs. 150 crores

The Board of Directors of JMC Projects India Ltd at its meeting held today, which commenced at 12.00 noon and concluded at 12.40 p.m. has considered and approved raising of funds by way of issue of Secured / Unsecured Listed Non-Convertible Debentures (NCDs) for an aggregate amount up to Rs. 150 Crore (Rupees One Hundred Fifty Crore only) in one or more series / tranches, on private placement basis, subject to the approval of the members at the ensuing Annual General Meeting.

The Board of Directors also approved the Notice convening 31st Annual General Meeting of the members of the Company scheduled to be held on August 10, 2017.

Shares of JMC PROJECTS (INDIA) LTD. was last trading in BSE at Rs.282.75 as compared to the previous close of Rs. 270.65. The total number of shares traded during the day was 4828 in over 208 trades.

The stock hit an intraday high of Rs. 283 and intraday low of 277. The net turnover during the day was Rs. 1353460.

Source : Equity Bulls

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