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| Ansal seeks shareholders nod to raise Rs 4,000 cr |
| Press Trust of India / Mumbai Jun 17, 2009, 21:15 IST |
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Ansal Properties & Infrastructure today sought shareholders approval to raise Rs 4,000 crore from private placement of shares with qualified institutional buyers and through international fund raising routes.
The company would raise Rs 1,500 crore by issuing convertible debentures and from private placement of shares with qualified institutional buyers, Ansal Properties said in a filing to the Bombay Stock Exchange.
It would also raise Rs 2,500 crore through international fund raising routes, Global Depository Receipts, American Depository Receipts and Foreign Currency Convertible Bonds, the filing added.
Further, Ansal Properties has sought shareholders approval to increase Foreign Institutional investors limit in the company to 49 per cent from 24 per cent at present, it added.
Shares of Ansal Properties & Infrastructure today settled at Rs 60.65, down 4.11 per cent on the BSE.
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