Ventura Textiles: Outcome of board meeting

Ventura Textiles in its meeting held on August 24, 2016, has considered & approved, subject to the approval of the members of the Company, to issue, offer and allot not exceeding 20,00,000 (Twenty Lakh) 0% Optionally Fully Convertible Debentures ('OFCDs') of Rs.10/- each to M/s. Sai Creation on private placement basis.

August 24, 2016 / 10:53 PM IST

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Ventura Textiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2016, has considered & approved, subject to the approval of the members of the Company, to issue, offer and allot not exceeding 20,00,000 (Twenty Lakh) 0% Optionally Fully Convertible Debentures ('OFCDs') of Rs.10/- each to M/s. Sai Creation on private placement basis, at an issue price to be arrived as per Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.The Board meeting commenced at 04.00 p.m. and concluded at 07.15 p.m.Source : BSE

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first published: Aug 24, 2016 10:53 pm

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Ventura Textiles: Outcome of board meeting