LG Balakrishnan to raise Rs 250 cr for expansion

Mumbai, Mar 20 (UNI) The board of engineering goods manufacturer LG Balakrishnan&Bros today decided to raise Rs 250 crore to expand its manufacturing capacity and to retire high cost debt.

The funds would be raised through an issue of equity or debt, the company informed the BSE.

The board set up an issue management committee to finalise the quantum and nature of instrument of financing for capital expenditure and debt replacement.

UNI SA SKB1913