IT People to raise $25 mn through GDRs
IT People (India) Ltd said on Tuesday it would raise $25 million through the issue of Global Depositary Receipts.
MUMBAI: IT People (India) Ltd said on Tuesday it would raise $25 million through the issue of Global Depositary Receipts.
The company has already received in-principle approval from the Bombay Stock Exchange and is in the process of filing its offer circular with the Luxembourg Stock Exchange, it said in a statement.
The proceeds from the GDR would be used to enhance its product development plans and foray into new markets in India and overseas, it added.
The company has already received in-principle approval from the Bombay Stock Exchange and is in the process of filing its offer circular with the Luxembourg Stock Exchange, it said in a statement.
The proceeds from the GDR would be used to enhance its product development plans and foray into new markets in India and overseas, it added.
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