Mounteverest Trading to accumulate fresh funds from non-promoter entities
August 14, 2009 by admin
Mounteverest Trading & Investment is considering raising Rs 52.50 crore through fully convertible debentures (FCDs) issue.
The board of the company has approved issue of up to 1.75 million FCDs to non-promoter entities, as mentioned in its filing with the BSE.
The company further said that these FCDs have been priced at Rs 300 each and can be exercised within a period of 18 months from the date of allotment.
The proposal is now due for the approval of the members of the company.
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