Bombay Burmah Trading Corporation Limited

Bombay Burmah Trading Corporation in a communique to the exchanges has said that it proposes to seek approval, via postal ballot, of shareholders of the company under Section 186 of the Companies Act, 2013 for issue of non-convertible debentures through private placement. Bombay Burmah Trading had issued commercial paper (CP) for an aggregate amount of ₹50 crore on December 23, 2016 for 81 days. These mature on March 14, 2017. This is in addition to the CP issued in November, 2016 for ₹50 crore. India Ratings & Research Private Limited has granted ‘A1+’ rating for the issue of CP for upto ₹100 crore.