Press Trust of India / Mumbai Jun 22, 2009, 14:28 IST
K K Birla Group company Texmaco today said it will raise up to Rs 200 crore through issuance of securities in the domestic and international markets.
In a filing to the Bombay Stock Exchange, the company said its board has approved the issuance of equity shares or convertible instruments via preferential allotment of shares, qualified institutional placement and foreign currency convertible bonds and depository receipts.
A committee of directors would be constituted to manage the preferential allotment of shares through one or a combination of measures, the filing added.
Shares of Texmaco surged five per cent to hit upper circuit at Rs 109.65 on the BSE.
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