Engineering firm Hindustan Dorr-Oliver today said it will raise $50 million (about Rs 227 crore) by share sale from international markets.
The board of the company has approved to raise the amount by issuing Global Depository Receipts, American Depository Receipts and Foreign Currency Convertible Bonds, Hindustan Dorr-Oliver said in a filing to the Bombay Stock Exchange.
The funds would be raised by issuing shares or debentures either through preferential issue or qualified institutional placement, the filing added.
Shares of Hindustan Dorr-Oliver today closed at Rs 101.75 on the BSE, down 0.20 per cent from its previous close.
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