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Corporate
Rei Agro to raise $100 m overseas

MUMBAI: Basmati rice processing and marketing company Rei Agro Ltd on Monday said that it would issue up to $100 million through the issue of global depository receipts, foreign currency convertible bonds in overseas markets.

The board of directors at its meeting today also approved the issue of financial instruments to raise Rs 100 crore on preferential basis, the company informed the Bombay Stock Exchange. The AGM of the company would be held on September 23, it added.

The shares of the company were trading at Rs 98.40, up 4.24 per cent at the BSE. - PTI

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