Shareholders of MBL take stock of affairs and approve fund raising upto Rs 300 crores

The shareholder of MBL Infrastructures Ltd took stock of affairs of the Company at the 26th Annual General Meeting (ACM) held on Saturday, 7th August 202l and approved raising of funds up to Rs 300 crores.

"With the completion of several public interest projects post approval of Resolution Plan under IBC, 2016, with enhanced bid capacity, the Company shall endeavor to win 4-5 large ticket size projects. With the support of all the stakeholders, the approval of fund raising up to Rs 300 crores, with impetus of the Government on the infrastructure sector, the Company is now poised to be in the growth trajectory." said Mr Surender Aggarwal, Executive Director, Mr D S Negi, CFO and Mr Anubhav Maheshwari, Company Secretary while addressing the company officials on the outcome of the ACM.

Shares of MBL INFRASTRUCTURES LIMITED was last trading in BSE at Rs. 23.15 as compared to the previous close of Rs. 22.9. The total number of shares traded during the day was 12544 in over 90 trades.

The stock hit an intraday high of Rs. 23.4 and intraday low of 22.95. The net turnover during the day was Rs. 289565.

Source : Equity Bulls

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