Moser Baer to issue 1:2 bonus, raise $150mn

The board of directors of Moser Baer India today announced an issue of bonus shares in the ratio of 1:2 (one share for every two shares held) by capitalising a part of its reserves.

The company also approved raising of capital to finance the company's expansion/special projects through a mix of debt/equity and convertible instruments up to $150 million (around Rs 630 crore).