Nagarjuna Constt to raise $ 180mln

Saturday, March 17, 2007, 22:34 [IST]

New Delhi, Feb 26 (UNI) Nagarjuna Construction Company Ltd today said it will raise 180 million dollars by issue of equity-linked instruments.

The company has recieved its members approval for raising of the funds by issue of equity shares to Qualified Institutional Buyers, Global Depository Reciepts (GDRs), Foreign Currency Convertible Securities (FCCBs) and other permitted Securities.

The members have also accorded their approval to increase the investment limit by FIIs in the shares of the company to 74 per cent from 49 per cent.

The authorised capital of the company will also be raised to Rs 60 crore from Rs 50 crore.

UNI

Topics: INFRASTRUCTURE-NAGARJUNA-FUNDS

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