Ravindra Energy Limited board to consider conversion of debentures to shares equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction
February 22, 2021
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Analysts say market will remain in consolidation mode; ‘expect domestic market to continue following global markets this week on lack of major domestic events’
Indian markets are expected to open flat on the first day of the week, as SGX Nifty points to a flat beginning even as Asia-Pacific markets are ruling firm in early trade on Monday. SGX Nifty is ruling at 15,025 against Nifty March futures Friday’s closing of 15,025 and February futures closing of 14,987, signalling flat opening for Nifty index.
Analysts expect the markets to remain in consolidation mode. Global cues and foreign fund flows will largely direct the market movement, they added. However, the key worry is rising Covid-19 cases in some States, especially Maharashtra, again, they added.
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.