I think we still are not sure if there was any shutdown in Q2. We need to wait for the confirmation. Atleast to me it was not enitirely clear from the mgmt. interview as to when was the shutdown. But if that might be the case then this would be good set of nos.
In the meanwhile: The Board approved the proposal for issue of Secured Non Convertible Redeemable Debentures (NCDs) for an amount up to Rs. 320 Crores on a private placement basis to be deployed for the following:
(i) Repayment of the dues for the existing Term Lenders.
(ii) to finance augmentation of the capacity of Cement & Boards Divisions.
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