Alliance Integrated Metaliks Ltd to raise Rs. 40 crores through NCDs

The Board of Directors of Alliance Integrated Metaliks Limited at its meeting held today, i.e., December 09, 2022, have approved raising of funds by way of issuance of Unlisted, Secured, Unrated, Redeemable, Non-Convertible Debentures (NCDs) of an amount upto Rs. 40/- crores (Rupees Forty Crores only) in one or more tranches on a private placement basis to eligible investors.

The aforesaid Non-Convertible Debentures shall be within the borrowing limits applicable to the Company under Section 180 (1) (C) of the Companies Act, 2013.

The Board of Directors has empowered and authorized the Strategic Committee of the Board of Directors to determine the detailed terms and conditions of the NCDs issue and take all necessary steps, incidental, consequential, relevant or ancillary thereof in connection with the proposed NCDs issue in one or more tranches.

Source : Equity Bulls

Keywords

AllianceIntegratedMetaliks FundRaising NCDs