Source:ET/PTI
MUMBAI: Passari Cellulose Ltd today said its board
has approved further issue of shares (Follow-on Public Offer)
to fund the new factory andexpansion of business.
The board, which met yesterday, also approved delisting
of the company from Calcutta Stock Exchange (CSE),
it said in a statement to the Bombay Stock Exchange.
The proposal is subject to the approval of the members
and authorities concerned, it added, without revealing the
amount to be raised through the share sale. Passari Cellulose
is engaged in the business of agro products.
Shares of the company were quoting at Rs 64.90, up 1.88 per cen
in the morning trade on the BSE.
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