Sintex Industries To Raise Up To Rs 1,538 Crore
New Delhi: Plastic and textiles firm Sintex Industries on Thursday said it will raise up to Rs 1,538 crore via foreign currency convertible bonds (FCCBs) and non-convertible debentures (NCDs).
"Board of Directors of the company approved the issue of foreign currency convertible bonds for an amount not exceeding USD 200 million (Rs 1,338 crore) and formation of the FCCB committee to approve the terms of FCCBs, issue price, opening and closing date of the issue," Sintex said in a filing to the BSE.
"The Board has also approved issue of secured redeemable non-convertible debentures to banks and financial or any other institution for an amount not exceeding Rs 200 crore."
Shares in Sintex Industries were trading 0.96 per cent higher at Rs 79.20 apiece on the BSE, whose benchmark Sensex index was down 0.30 per cent.
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