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| Exchange Disseminated Time 23/11/2016 17:26:29 | | Walchandnagar Industries Ltd has informed BSE that the Board in its Meeting held on November 22, 2016 accorded its consent for availing the financial facilities in the form of loan and / or Non convertible debentures (NCD) up to Rs. 235 Crores which shall be used partly for repayment of existing loans and partly for long term working capital requirement of the Company. The Board also approved issue of Non-convertible Debentures (NCD), on a private placement basis, up to Rs. 150 Crores out of financial facility of Rs. 235 Crores, subject to the approval of Shareholders and balance would be as loan. |
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