The Hindu Business Line : Prajay Engg to raise $50 m

Prajay Engineers Syndicate Ltd has decided to raise finds of up to $50 million through QIP/GDR route in the domestic/international market. In a notice to the BSE, the company informed that its board of directors meeting on Monday also agreed to the proposal to revise the date of the Extra Ordinary Meeting of the shareholders to November 29 against the earlier intimated November 19. The November 29 meeting is slated to consider and approve raising the funds through QIP/GDR issue and to increase authorised share capital of the company to Rs 50 crore. - Our Bureau

More Stories on : Overseas Borrowings | Engineering

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

Stories in this Section
Timex Watches rechristened Timex Group

Prajay Engg to raise $50 m

DLF posts Rs 2,018-cr net profit

Bonus ordinance promulgated

Corporates offer cars to retain talent

Call for quick merger of BHPV with BHEL

Orbit to build complex at Lower Parel

Ispat to invest Rs 1,500 cr in Madhya Pradesh

Glenmark outlicences pain molecule to Eli Lilly; deal projected at $350 m

L&T, Tatas bid for rail wheel factory project: Lalu

Western Auto, Palfinger join hands

GTC in pact to develop Hyderabad property

Glenmark deal: Phase II success is crucial

Wheels India set to scale up capacity

Air France KLM plans MRO facility in India