Mumbai Aug 29 (IANS) IT major HCL Infosystems on Tuesday said that it will raise Rs 500 crore by "rights issue of shares to existing shareholders".
According to a BSE filing the company s board approved the plans to raise the equity capital in its meeting held on Tuesday.
"The Board of Directors... approved the recommendations of its Capital Raising Committee to go for a rights issue of shares to existing shareholders of the company as a mode of raising equity capital aggregating up to Rs 500 crore " the filing said.
--IANS
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