Infrastructure and real estate company, Marg today said it will raise nearly Rs 2,905 crore through various fund raising routes.
The shareholders have approved to raise USD 500 million (nearly Rs 2,405 crore) by way of American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs) among other financial instruments, Marg said in a filing to the Bombay Stock Exchange (BSE).
Further, the company would raise Rs 500 crore by private placement of shares with qualified institutional buyers, the filing added.
Shares of Marg Ltd today closed at Rs 152.85 on the BSE, up 3.38 per cent from previous close.
