Bombay Rayon to raise Rs 333 cr via share issue

Bombay Rayon Fashions Ltd plans to raise Rs 333 crore through issue of 18 million shares to AAA United B.V., a private limited liability company constituted under the laws of Netherlands.

The Rs 10 share will be issued at a premium of Rs 175.

The proposed issue is to be augment working capital requirements, finance / acquisition of new projects and businesses and other corporate purposes, the company informed Bombay Stock Exchange today.