Prism cement to raise money
Prism cement has approved the company’s proposal to raise up to Rs 1,250 crore through private placement. Shareholders through a special resolution allowed the board for making offers to subscribe to secure or unsecured non-convertible debentures (NCDs), including but not limited to bonds or other debt securities on private placement basis. The firm reported a standalone profit of Rs 15.65 crore for the quarter ended June 2016.
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