HFCL Infotel to raise $150 million in equity shares (India)
February 15, 2006
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HFCL Infotel is proposing to raise $150 million by issuing equity shares or preference shares through global depository receipts or convertible securities. The company's board of directors has approved the issue of securities in the international markets subject to the necessary approvals and provisions. The board has also approved the increase in borrowing powers and the authorised share capital of the company from the existing Rs 12 billion to Rs 15 billion.
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