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Our Bureau

Mumbai , July 17

SAAG RR Infra Ltdhas filed its offer document with SEBI for rights/public offering of Rs 40 crore.

The company proposes to use the proceeds of the issue to meet the working capital requirements for expansion of infrastructure business in its area of focus and to acquire capital assets for carrying on the business of infrastructure projects.

Other objectives of this issue are to meet the expenses arising out of foray into the oil & gas sector, retiring of high cost debts and also to meet the expenses of the issue.

The lead manager for the issue is Centrum Capital Ltd .

More Stories on : Public Offer | Rights Issue | Petroleum

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