Orient Cement Ltd today said it is planning to raise Rs 500 crore from the market through qualified institutional placements, | national college, equity shares or through other securities.

The board of the company today approved a proposal to raise the fund in one or more tranches and would seek shareholders’ approval through an AGM, Orient Cement said in a regulatory filing.
The CK Birla group firm may also use methods “including by way of a rights issue to existing shareholders of the company, private placement or a further public issue, or issue of Global Depository Receipts/American Depository Receipts, Foreign Currency Convertible Bonds… ”

Company Summary

NSE
BSE

orient cement ltd 0.50 (0.32%)

Shares of Orient Cement were trading at Rs 158.15 apiece on BSE, up 2.36 per cent from previous close.

Pin It on Pinterest