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IL&FS Engineering and Construction Company plans to raise up to Rs 500 crore.
According to a BSE filing, the board meeting scheduled for August 11, may consider “additional fund raising options for an amount up to Rs 500 crore’’.
The board may also consider seeking “shareholders’ approval for the same at the ensuing Annual General Meeting of the company’’.
IL&FS Engineering and Construction Company is one of the leading multinational infrastructure development, construction and project management companies.
The company executes projects under various domains such as buildings and structures, roads, railways, irrigation, power, ports and oil & gas.
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