Sangam India to raise Rs 100 crores

New Delhi, Jan 2: Textile firm Sangam India Ltd today said it plans to raise Rs 100 crore in overseas and domestic markets.

The company's Board of Directors has approved the fund raising through public issue, Foreign Currency Convertible Bonds (FCCBs), Qualified Institutional Buyers (QIB), rights and preferential issue, convertible warrants and debentures.

''The company's board has convened an Extra Ordinary General Meeting of its members on January 27 to discuss the issue of securities,'' a statement issued said.

The company is engaged in manufacturing of synthetics and blended dyed spun yarn and fabrics.

It has three manufacturing facilities located at Biliya Kalan, Atun and Sareri villages in the district of Bhilwara.

UNI