IT firm Vishal Information Technologies today said it will raise funds through issue of shares in the international market.
In a filing to the Bombay Stock Exchange, the company said its board has approved the issuance of Global Depository Receipts (GDRs) and the price for the underlying equity shares is fixed at Rs 320 a piece.
On conversion, the company would allot six equity shares for every one GDR held, it added.
Shares of Vishal Info were trading at Rs 332, up 0.93 per cent in the afternoon trade on the BSE.