Suryajyoti Spinning to raise $20 mn from overseas mkts

Suryajyoti Spinning Mills Ltd on Monday said it will raise $20 million through issue of Foreign Currency Convertible Bonds, Global Depository Receipts or other securities in the international markets.

By PTI | Aug 21, 2006, 09.20 PM IST

MUMBAI: Suryajyoti Spinning Mills Ltd on Monday said it will raise $20 million through issue of Foreign Currency Convertible Bonds, Global Depository Receipts or other securities in the international markets.

The board of directors have approved the issue FCCBs, GDRs and other similar securities upto $20 million, the company informed the Bombay Stock Exchange.

The company's shares were trading at Rs 38.50, up 4.76 per cent at the BSE.

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