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News Anjani Portland Cement cleared to raise funds for expansion projects

Anjani Portland Cement cleared to raise funds for expansion projects

Written by Global Cement staff 30 March 2016
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India: The Securities and Exchange Board of India (SEBI) has approved Anjani Portland Cement for a rights issue to raise US$11.3m. The proceeds from the offering will be used to build a 16MW coal-based captive power plant at one of the company's cement plants.

SEBI received draft documents for the rights issue on 30 December 2015 and issued its 'observations' on 23 March 2016. Issuance of 'observations' by SEBI is considered as a clearance to the issuer to go ahead with the share issues.

Published in Global Cement News
Tagged under
  • India
  • Anjani Portland Cement
  • Shares
  • Expansion
  • Power Plant
  • GCW244
  • Securities and Exchange Board of India

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