Pratibha Ind to raise Rs 200cr

New Delhi, Feb 25 (UNI) Pratibha Industries Ltd, engaged in infrastructure business with key focus on water segment, will raise funds worth Rs 200 crore.

The Board of Directors of the firm have approved the fund raising scheme by way of Qualified Institutional Placement or any other suitable way.

The company said it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.

Last week, it secured a Rs 122 crore contract from Airport Authority of India for construction of New International Terminal Building of Ahmedabad Airport in joint venture with Bangkok's Italian Thai Development Public Company Ltd.

UNI