Exelon Infrastructure to raise upto Rs 160 crore

Exelon Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on October 26, 2009, inter alia, have unanimously passed the fund raising proposal.

The Board approved proposal to issue and allot Equity Shares on Preferential Basis upto Rs. 40.00 Crores subject to the consent of the members.

The Board also approved Follow on Public Issue / QIB Placement upto Rs. 120.00 Crores subject to the consent of the members.

Source : Equity Bulls

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