Unity Infraprojects gets shareholder nod for raising Rs 250 cr

Unity Infraprojects today said its shareholders have approved the raising of up to Rs 250 crore through the issue of securities to institutional buyers on a private placement basis.     

Shareholders of the company have approved the issue of equity shares or securities convertible into equity shares or other instruments through qualified institutional placement for a value not exceeding Rs 250 crore, the construction firm said in a filing to the Bombay Stock Exchange (BSE).     

Shares of Unity Infraprojects were trading at Rs 408, up 0.29 per cent in afternoon trade on the BSE.