The Hindu Business Line : IVRCL Infra plans $125-m GDR issue

The board of directors of IVRCL Infrastructures & Projects Ltd at its meeting on Friday decided to raise funds to the extent of $125 million by issuing global depository receipts (GDRs) and/or qualified institutional placement under SEBI (disclosure & investor protection) guidelines. The company has informed the stock exchanges that the decision would, however, be subject to approval of its shareholders, for which an extraordinary general meeting is scheduled for August 3.

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