Everest Kanto to raise capital through FCCB, Pref issue

New Delhi, Oct 8 (UNI) Everest Kanto Cylinder Ltd today said its board has approved the allocation of bonds upto 35 million dollars through a FCCB issue.

It will also issue 32 lakh Equity Shares to TVG India Investment Holdings Ltd and 3.48 lakh equity shares to Brightwill Ltd as Preferential issue at a price of Rs 250 per share aggregating to a total investment value of about Rs 88.70 crores which would be subject to a lock-in of one year, said a statement.

UNI