The board of directors of Gayatri Projects Ltd has approved a move to raise up to Rs 400 crore by issue of equity shares /warrants or a combination to the company shareholders on a rights basis. The other details of the proposed issue may be taken up at a later date, according to a statement filed with the stock exchanges. The company has also approved an investment of Rs 1,000 crore through its wholly-owned subsidiary GEVPL in tranches according to the project requirement in NCC Power Projects Ltd and its subsidiary or its associate.
Gayatri Projects to raise funds
Published on
January 24, 2011 13:05
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