India Cements board to consider raising INR5bn, mulls MSE delisting

India Cements board to consider raising INR5bn, mulls MSE delisting
12 November 2014


India Cements today said its board will consider a proposal to raise INR5bn (US$81.3m) from investors.

"The Board of Directors at its meeting will, consider the following issue of QIP, FCCB, GDR and/or other securities for a total sum not succeeding INR500 crore”, India Cements said in a filing to the BSE stock exchange.

The board would also consider delisting of its shares from the Madras Stock Exchange Ltd (MSE), it said.

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Tagged Under: India India Cements