Home / Knowledge / News / Textiles / Aditya Birla Nuvo to explore various options for raising funds
Aditya Birla Nuvo to explore various options for raising funds
Jan '08
Aditya Birla Nuvo Ltd, a flagship Company of Aditya Birla Group, needs to augment funds to meet its investments / capital expenditure for its existing as well as new growth opportunities.

To enhance its long term financial resources and thereby strengthening the financial structure, the Company has been exploring various options for raising funds.

The Board of Directors of the Company, at their meeting held on 9th January 2008, subject to necessary approval(s), has approved the proposal for raising over Rs. 4000 crores in the next 18 months through a preferential offer to the promoters at a price determined as per the applicable SEBI guidelines.

It is proposed to issue 2.05 crores Warrants to the promoter/promoter group, the holder thereof will get one Equity Share of Rs. 10 each of the company against each warrant in 18 months from the date of allotment.

Accordingly, the Board has decided to call an Extra Ordinary General Meeting of the Company on 6th February, 2008 for obtaining the approval of its shareholders for the preferential issue.

Aditya Birla Nuvo Ltd

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search