Lok Housing & Constructions today said it will seek shareholder approval to raise funds to the tune of Rs 2,296.2 crore from the international market and by way of private placement of shares.

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The company would also seek approval to issue 50 lakh warrants to a promoter group company, Lok Housing & Constructions said in a filing to the Bombay Stock Exchange.

The company wants to raise $200 million (nearly Rs 1,896.2 crore) by way of issuing American Depository Receipts, Global Depository Receipts and Foreign Currency Convertible Bonds.

The company would also propose to raise Rs 400 crore by private placement of shares with qualified institutional buyers, the filing added.

The general meeting of the company would take place on November 23 to consider and approve the aforesaid proposals, it added.

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