Zylog Systems to raise up to Rs 250 cr
IT and Internet service provider Zylog Systems said on Thursday that it will raise up to Rs 250 crore by further issue of securities in the domestic and international markets to fund the company's growth plans.
By PTI |
MUMBAI: IT and Internet service provider Zylog Systems said on Thursday that it will raise up to Rs 250 crore by further issue of securities in the domestic and international markets to fund the company's growth plans.
The company will raise the amount by issuing equity shares, warrants with convertible or non-convertible debentures under the qualified institutional placement or foreign currency convertible bonds, subject to shareholders approval, Zylog Systems said in a filing to the Bombay Stock Exchange.
Shares of Zylog were trading at Rs 565 on the BSE, up 1.34 per cent from previous close.
The company will raise the amount by issuing equity shares, warrants with convertible or non-convertible debentures under the qualified institutional placement or foreign currency convertible bonds, subject to shareholders approval, Zylog Systems said in a filing to the Bombay Stock Exchange.
Shares of Zylog were trading at Rs 565 on the BSE, up 1.34 per cent from previous close.
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