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Toshiba considering $5.3 billion capital injection - source

Reuters  |  TOKYO 

By Taro FuseTOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday.The Japanese conglomerate has received proposals from several domestic and overseas brokerages for plans to raise money through a public offering or third-party allotment, and is looking into the option of allocating shares mainly to overseas investors, the person said.In early trade, shares of Toshiba fell as much as 8 percent on the capital ...

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First Published: Fri, November 10 2017. 10:00 IST
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