IVRCL Plans to Raise 8.5 Billion Rupees for Two Units, DNA Money Reports
By Madelene Pearson -
2010-08-23T01:23:18Z
IVRCL Infrastructure and Projects Ltd. plans to raise funds for two of its units, DNA Money reported, citing the chairman of one of the units.
It will raise 6 billion rupees ($129 million) through a qualified institutional placement for IVRCL Assets and Holdings Ltd. and 2.5 billion rupees for Hindustan Dorr-Oliver Ltd., the newspaper said, citing E. Sudhir Reddy, chairman of IVRCL Assets.
To contact the reporter on this story: Madelene Pearson in Mumbai at mpearson1@bloomberg.net
More News:
Sponsored Link

Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.