IL&FS Engineering board to discuss fund raising next week

IL&FS Engineering and Construction Company today said its board will meet next week to deliberate on fund raising options.
In a BSE filing, the firm said "...Meeting of the Board of Directors of the company is scheduled to be held on July 2, inter-alia, to consider additional fund raising options for the company."
The board in its meeting held on June 18 had considered additional fund raising options.
After the meeting, the firm had said "the board at its meeting held on June 18 has discussed issue of equity shares including on preferential basis as per SEBI Regulations."
Board decided that details of the available options need to be examined and accordingly issue of fund raising options will be decided in the next meeting, it had said.

The company operates in infrastructure development, construction and project management space and executes projects in sectors such as buildings and structures, roads, railways, irrigation, power, ports, and oil and gas.
Shares of the company today closed flat at Rs 75.35 per share on the BSE.