Mascon Global to raise $ 150 mn from intl mkt
Software company Mascon Global on Friday said it will raise 150 million dollar (about Rs 644 crore) through issue of securities in the international market.
By PTI |
MUMBAI: Software company Mascon Global on Friday said it will raise 150 million dollar (about Rs 644 crore) through issue of securities in the international market.
The board has approved the issuance of Global Depository Receipt and Foreign Currency Convertible Bonds to raise the said amount, Mascon Global said in a filing to the BSE.
Further, the board has approved the raising of the authorised share capital of the company to Rs 700, from the existing Rs 450, the filing added.
Shares of the company were trading at Rs 17.20, down 3.64 per cent on the BSE in the afternoon.
**** Rain Commodities cement production increased to 3.16 mmt * Cement firm Rain Commodities today said it has expanded the production capacity at its Kurnool plant by 1.5 million metric tons per annum.
With the capacity expansion the company's total production capacity now stands at 3.16 mmt per annum, Rain Commodities said in a filing to the Bombay Stock Exchange.
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Shares of Rain Commodities were trading at Rs 207.54, down 3.42 per cent in the afternoon trade on the BSE.Download
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