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Dhanvarsha Finvest Limited board approves capital raising proposal
Posted On: 2020-12-24 00:02:40 (Time Zone: Arizona, USA)
The Board of Directors of Dhanvarsha Finvest Limited ( the Company ) at its meeting held today i.e., December 24, 2020 (commenced at 10:00 a.m. and concluded at 11:25 a.m.) has considered and approved the raising of capital by issue of securities of up to Rs.150 Crores (One Hundred and Fifty Crores) in one or more tranches in accordance with the provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other laws/ guidelines, subject to receipt of necessary approvals.
The board approved proposals for availing Term Loan facility and NCD s from Banks, Non-Banking Finance Companies and Financial Institutions , as per terms and conditions mentioned in the sanction letters.