India’s Sita Shree approved for up to Rs. 200 million of convertibles

New York, Dec. 5 – Sita Shree Food Products Ltd. said its board of directors approved the raising of up to Rs. 200 million of funds through a placement of convertible securities or equity shares at a meeting on Monday.

The actions must also be supported by the company’s members at a general meeting, according to an announcement.

The securities will be sold through a placement to qualified institutions.

Sita Shree Food Products processes wheat, pulses and soy and is based in Indore, India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.