Cable manufacturer Rishabhdev Technocable today said it would raise Rs 150 crore through the issue of securities in the global market.
The members of the company, during the extraordinary general meeting (EGM), approved the raising of funds upto Rs 150 crore through the issue of securities, Rishabhdev said in a filing to the Bombay Stock Exchange (BSE).
The company may issue instruments like global depository receipts (GDR), American depository receipts (ADR) and foreign currency convertible bonds (FCCB) it added.