Asia
Universal Cables To Raise INR2 Billion Through Debenture Issue; Shares Soar 17%
Universal Cables (NSE:UNIVCABLES, BOM:504212) said its board has approved raising up to 2 billion rupees through issuance of non-convertible debentures or other debt securities on a private placement basis, according to an Indian bourse filing on Saturday.Shares of the company jumped nearly 17% in Monday's trade.The issue is subject to regulatory approvals, the filing said.
BOM:504212NSE:UNIVCABLES
