SMC Global Securities (NSE:SMCGLOBAL, BOM:543263) has received board approval to raise up to 1.50 billion Indian rupees through the issue of non-convertible debentures, according to a Wednesday filing to the Indian stock exchanges.
The company plans to issue up to 750 million rupees of secured, rated, listed, redeemable, non-convertible debentures of face value of 1,000 rupees each, with an option to retain oversubscription of up to 750 million rupees.
The issue is scheduled to open on April 2 and close on April 17, and the debentures are proposed to be listed on the BSE.
Shares of the company gained over 1% in morning trade Thursday.
Price (INR): ₹112.89, Change: ₹+2.4, Percent Change: +2.14%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.