Hanung Toys to raise Rs 238cr

Hanung Toys & Textiles Ltd today said it has received approval from its shareholders for raising funds up to $50 million (about Rs 238 crore) through the issue of securities.

Shareholders of the company have given their consent for raising of funds through issue of securities including equity share and bond, Hanung Toys & Textiles said in a filing to the Bombay Stock Exchange (BSE).      

Shareholders have approved fund raising proposal during the annual general meeting held on September 22, it said.

Shares of Hanung Toys & Textiles were trading at Rs 91, up 0.72 per cent in the afternoon trade on BSE.