Board of Vikas Ecotech approves rights issue and reduction o

Board of Vikas Ecotech approves rights issue and reduction of debt


At meeting held on 23 January 2021The Board of Vikas Ecotech at its meeting held on 23 January 2021 has approved the raising of funds by issuance and allotment of equity shares for up to an aggregate amount of up to Rs 50 crore by way of a rights
issue. The Board also approved the debt reduction program, for reducing at least 20% debt from the current levels, in next six months, in one or more tranches.
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