Home BusinessAnsal Infra to raise Rs 203 cr
Real estate developer Ansal Properties & Infrastructure today said that it will raise Rs 203 crore through issue of shares on prefertial basis and issue of warrants.
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In a filing to the Bombay Stock exchange, the company said that it will raise funds by issuing up to 1.65 crore warrants to promoters and promoters group through preferential issue.
In addition it will issue up to 1.26 crore of equity shares of Rs 5 each, by way of preferential issue to IPRO Funds Ltd, Mauritius, a registered Foreign Institutional Investor (FII).
The company will place the matters before the shareholders at the Annual General Meeting on September 29, 2009.
The shares of Ansal infra was trading at Rs 80.55 down 4.53 per cent from its previous close.