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At meeting held on 20 February 2021The Board of Ravindra Energy at its meeting held on 20 February 2021 has approved the issue of Fully / Partly / Optionally, Convertible Debentures (secured or unsecured), on preferential basis to such willing investors, including the promoters and others, up to the limit of Rs. 60 crore, in one or more tranches, at a rate of interest that will be determined by the Board of Directors, based on the market
conditions from time to time.
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Ravindra Energy Limited board approves fund raising of Rs. 60 crores
Posted On: 2021-02-20 07:10:45 (Time Zone: Arizona, USA)
The Board of Directors of Ravindra Energy Limited (Formerly Ravindra Trading & Agencies Limited) at its meeting held on Saturday, February 20, 2021 has considered and approved, issue of Fully / Partly / Optionally, Convertible Debentures (secured or unsecured), on preferential basis to such willing investors, including the promoters and others, up to the limit of Rs. 60 Crores, in one or more tranches, at a rate of interest that will be determined by the Board of Directors, based on the market conditions from time to time.
The board fixed, Thursday, the 25th day of March, 2021 as the date for convening and holding the Extraordinary General Meeting of the Shareholders of the Company, at 3:00 PM, through Video Conferencing or Other Audio Visual Means and approved the notice convening the said meeting.
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