TRANSWARRANTY FINANCE LTD. - Cancellation Of Proposal Of Fund Raising Through Non-Convertible Debentures -Board Meeting Held On 30.01.2023
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| 01 Mar 2023 | |
| The agenda for the Board meeting, inter alia, included proposal to raise funds way of issue of unlisted redeemable non-convertible debentures on private placement basis- (A) (a) secured NCDs upto Rs. 1 crore- NCDs Type A (Investment of less than Rs. 1 crore per investor) under 23rd Tranche/Series W/2022-23. (b) unsecured NCDs including subordinated debt upto Rs. 5 crores - NCDs Type A (Investment of less than Rs. 1 crore per investor) under 23rd Tranche/Series W/2022-23. (B) Unsecured non-convertible redeemable debentures - Type B (Investment of Rs. 1 crore or more per investor) for amount not exceeding Rs. 5 crores. As the company is successfully raising equity resources through a rights issue, there is no requirement for debt through issue of NCD for the time being. Under the circumstances, the company has decided to temporarily shelve the proposal to raise funds through the issue of these NCDs. | |
| View all announcements for TRANSWARRANTY FINANCE LTD. | Source: BSE India |
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