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Kwality plans to raise Rs. 300 crore

Kwality plans to raise Rs. 300 crore

Kwality Ltd has announced that the Board of Directors of the Company at its meeting held on June 24, 2016.

Kwality Ltd has announced that the Board of Directors of the Company at its meeting held on June 24, 2016, inter alia, has discussed, considered and approved the following matter:

To take all actions as may be necessary for availing credit facilities from the lender(s), upto INR 300,00,00,000 (Rupees Three Hundred Crores Only), out of which Rs. 200,00,00,000 (Rupees Two Hundred Crores Only) to be availed by way of term loan and INR 100,00,00,000 (Rupees One Hundred Crores Only) by way of issue of Unlisted Non-Convertible Debentures.

To open a special account with Banker(s) for availing of such credit facilities.

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