India, July 18 -- Hindusthan National Glass & Industries Limited said in a filing to BSE that the Board of Directors of the Company Vide resolution by circulation approved with requisite majority on July 17, 2019, have approved the allotment of 1,000 (One Thousand) unlisted, unsecured, redeemable, non-convertible debentures of face value of INR 10,00,000 (Rupees Ten lakhs only) each, aggregating up to INR 100,00,00,000 (Rupees One hundred crores only) to Spotlight Vanijya Limited
The company said that the shares have been allotted as per the terms and conditions of the Debenture Subscription Agreement dated July 06, 2019 ("DSA") executed between the Company and Spotlight Vanijya Ltd ("Debenture Holder") and the private placement offer cum...