Shoppers Stop Ltd. has scheduled its Board Meeting on October 16 to consider raising of funds through equity stake sale of face value Rs 5 per share. The amount to be raised is still not disclosed.
The Mumbai based company on Saturday announced through its BSE regulatory filing. “Pursuant to the provisions of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the SEBI LODR”), please be informed that the Meeting of the Board of Directors of the Company is scheduled to be held on Friday, October 16, 2020, to inter-alia, consider and approve:
- the un-audited financial results of the Company (Consolidated and Standalone) for the quarter
and half year ended on September 30, 2020 (“the Results”); and - subject to the receipt of applicable regulatory/statutory approvals, proposal for raising of funds
by issue of equity shares of the Company, with a face value of ₹ 5 each, including through a rights
issue or further public offer or preferential issue or qualified institutions placement etc. as may
be permitted under applicable laws.”
TOPICS:
Shoppers Stop