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.
