• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, April 14

IL&FS Investment Managers Ltd has informed the BSE that it plans to raise $60 million through an overseas issue. The fund would be raised through an issue of equity shares, depository receipts, foreign currency convertible bonds or any other financial instrument, the company said in a notice to the stock exchange. The company may go for a greenshoe option to the extent of 10 per cent of the issue size.The company has called for an extraordinary general meeting of its shareholders on May 3 to seek their approval for the proposal to raise funds. The company also plans to increase its authorised share capital by Rs 20 crore to Rs 50 crore. It will also seek shareholders' approval for the issue of bonus shares in the ratio of one share for every two shares held. IL&FS said it would also seek approval for raising FII limit to 74 per cent.

More Stories on : Overseas Borrowings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IL&FS to raise $60 m

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line