Engineering company Kalpataru Power today said it will raise up to $125 million (about Rs 577 crore) through issue of shares to institutional investors.
In a filing to the Bombay Stock Exchange the company said its board has approved the fund raising plan of up to $125 million through a Qualified Institutional Placement (QIP) and various other modes.
The company said the funds raised would help in supporting its future growth plans and business opportunities.
Shares of Kalpataru Power were trading at Rs 1,060, up 1.25 per cent on the BSE.
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