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Vishwaraj Sugar Industries gets nod to raise funds through QIP
Apr-30-2024

Vishwaraj Sugar Industries has received approval to raise funds through issuance of equity shares of the Company (Equity Shares) by way of Qualified Institutions Placement (QIP) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable Laws, in one or more of the tranches for an aggregate amount not exceeding Rs 99 crore, for cash and at such premium/discount, as applicable, subject to such approvals as may be required, including the approval of the Shareholders and further subject to such other statutory/regulatory/other approvals, as applicable. 

The Board of Directors of the Company at its meeting held on April 30, 2024 has considered and approved the same. 

Vishwaraj Sugar Industries is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka.

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