Brushman India on Friday said it will raise $30 million through the issue of securities in the domestic and international markets.
The board of directors at its meeting today approved the allotment of various securities including Global Depository Receipts, Foreign Currency Convertible Bonds and equity shares, subject to necessary provisions and approvals.
Pursuant to the shareholders approval the board has decided to borrow upto Rs 200 crore, subject to necessary approvals.
An Extra-ordinary General Meeting of the shareholders would be convened on July 25, to get their approval for the above.
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