Nagarjuna Construction today said it will raise Rs 600 crore by way of private placement of shares with potential buyers.     

The shareholders have approved to raise funds to the tune of Rs 550 crore, with an option to raise an additional amount of Rs 50 crore, if the issue is fully subscribed by private placement of shares with buyers, Nagarjuna said in a filing to the Bombay Stock Exchange.     

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Shares of Nagarjuna Construction were trading at Rs 145.20 on the BSE, down 0.58 per cent from previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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