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Last Updated : Dec 05, 2016 11:22 AM IST | Source: Moneycontrol.com

Gokak Textiles, Bajaj Finance up 2-4% on capital raising plan

The debenture allotment committee of the Bajaj Finance at its meeting held of December 2, has allotted 1050 unsecured subordinated (Tier II) redeemable non-convertibles debentures (NCDs) worth Rs 105 crore on private placement basis.

 
 
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Moneycontrol Bureau

Shares of Gokak Textiles and Bajaj Finance rose 4 percent and 2 percent on approval of issue of non-convertible debentures (NCDs) .

Gokak Textiles has approved the issue of non-cumulative, non-convertible, non-participating, redeemable preference shares of Rs 35 crore in one or more
tranches on private placement basis to the Shapoorji Pallonji and Company, a promoter of the company, which is subject to shareholders' approval.

The tenure of the above preference shares is not exceeding 20 years from the date of allotment.

The debenture allotment committee of the Bajaj Finance at its meeting held of December 2, has allotted 1050 unsecured subordinated (Tier II) redeemable non-convertibles debentures (NCDs) worth Rs 105 crore on private placement basis.

At 11:03 hrs Bajaj Finance was quoting at Rs 898.70, up 1.55 percent and Gokak Textiles was quoting at Rs 52 up 4.10 percent on the BSE.

Posted by Rakesh Patil

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First Published on Dec 5, 2016 11:22 am
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