Essar Oil to issue $2 billionhrough issue of securities
Essar Oil will raise two billion dollars through issue of securities in domestic and international markets.
By PTI |
MUMBAI: Essar Oil on Thursday said it will raise two billion dollars through issue of securities in domestic and international markets.
The firm would issue equity shares, convertible debentures, American Depository Receipts (ADRs) and Foreign Currency Convertible Bonds (FCCBs), among others, it said in a filing to the Bombay Stock Exchange.
The proposal was approved by the shareholders during their Extra Ordinary General Meeting (EGM) held today.
Shares of the company closed at Rs 240.65, up 2.25 per cent on the BSE.
The firm would issue equity shares, convertible debentures, American Depository Receipts (ADRs) and Foreign Currency Convertible Bonds (FCCBs), among others, it said in a filing to the Bombay Stock Exchange.
The proposal was approved by the shareholders during their Extra Ordinary General Meeting (EGM) held today.
Shares of the company closed at Rs 240.65, up 2.25 per cent on the BSE.
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