Dabur seeks shareholders' nod to raise $ 200 mn

Dabur India today said it will seek shareholders' approval to raise up to $200 million through the issue of equity shares, foreign currency convertible bonds (FCCBs), global depository receipts (GDRs) or any other instruments, according to an official release issued by Dabur to the BSE today.

The shareholders of the company would consider the special resolution by way of postal ballot, to raise funds from overseas or domestic markets through issue of securities, subject to necessary provisions and approvals, the release said.

Issue of these financial instruments represents the sale of shares by existing shareholders of up to $200 million in international or domestic offerings, it added.