Northgate Tech to raise Rs 190 cr via FCCBs

Hyderabad-based Northgate Technologies has decided to raise over Rs 190 crore through the issue of Foreign Currency Convertible Bonds (FCCBs) or other securities.

The board approved the proposal to raise funds through FCCBs, GDRs or Qualified Institutional Placements, at a meeting held recently, the company informed the BSE.