TRIDENT LTD. - Outcome of Board of Directors / Strategy Committee Meeting
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| 27 Jul 2015 | |
| Trident Ltd has informed BSE that the Board of Directors / Strategy Committee of the Company at its meeting held on July 27, 2015, inter alia, has transacted the following:<BR><BR>1. The Board has approved raising of funds upto INR 60 crores through issue of unlisted non convertible cumulative redeemable preference shares on private placement basis.<BR><BR>2. The Strategy Committee of the Company has revisited capex plan of Yarn Modernization project (Rs. 103.9 crore) and Captive Power Project (Rs. 393 crore for 60 MW) at its Budni, Madhya Pradesh facility. This is in-line with managements focus on consolidating its existing Terry Towel operations and upcoming Composite "Bed Linen project. Going forward, based on free cash flow generation, Trident may evaluate a Captive Power Plant at its Budni Facility in smaller phase. | |
| View all announcements for TRIDENT LTD. | Source: BSE India |
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