In an interview to CNBC-TV18, Govind Sharda, President of Nandan Denim spoke about their annual general meeting (AGM) and the shareholders' nod that they got to issue 50 lakh convertible warrants to foreign investors at a price of Rs 200 each.
He further said that they expect to get Rs 25 crore upfront. Will use this funds for working capital, corporate actions, he said.
For entire interview, watch accompanying video.
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