Hinduja Foundries to raise up to Rs 250 cr

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New Delhi, Jul 7 (UNI) Hinduja Foundries Ltd today said the Board of Directors, as part of funding business plans, has approved raising up to Rs 250 crore through various means, including debt and equity.

The company would raise the capital by issue of equity shares in the form of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), securities convertible into equity shares, securities linked to equity shares and securities with or without detachable shore warrants, it said in a statement.

UNI SG SBA AS2101

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