Kesoram Industries gets nod to raise Rs 2,000 crore
31st Jul 2020

Kesoram Industries has received an approval for a fund raising plan of an amount aggregating up to Rs 2,000 crore, by way of Equity and/or Debt Instruments including Non-Convertible Debentures and/or Preference Shares for the company and also including Rights Issue and/or Preferential Allotment and/or by a combination of any of the above, as may be permitted under applicable law, subject to such regulatory/ statutory approvals as may be required, including approval of the shareholders of the company. The Board of the company at its meeting held on July 30, 2020, approved the same.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.