Marg Constructions to raise 30 mln dlr via FCCBs

New Delhi, Mar 1 (UNI) Marg Constructions Ltd today said it plans to raise up to 30 million dollars through Foreign Currency Convertible Bonds (FCCBs) in place of Global Depository Receipts (GDRs).

The company's Committee of Directors in a meeting allotted 1351,500 GDRs each at a price of 11.10 dollar aggregating to 15.0016 million dollars.

The Committee also retained an option for Global Depository Receipts under green shoe option for an amount of five million dollar.

UNI