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JK Tyre to hold Board of Directors meeting to vote for issue of securities to raise funds.

Posted: December 28, 2016 at 11:05 am   /   by   /   comments (0)

JK Tyre & Industries announced that a meeting of the Board of Directors of the Company will be held on 28 December 2016.

The meeting will be held “for considering raising of funds by issue of securities, convertible/non-convertible, with or without warrant by way of public and/or private offerings and/or qualified institutions placement or any combination thereof, subject to such approvals as may be required, in suppression of the resolutions of the Board of Directors for raising of funds by issue of Non-convertible Debentures as informed to the Stock Exchanges via Company’s Letter dated 09 November 2016”.

The approval of the members is proposed to be obtained by way of a Postal Ballot.

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