Investment17 Mar 2024, 03:19 am
Coforge Ltd Announces Approval for Equity Raising of up to Rs. 3,200 crores
AI Summary
The Board of Directors of Coforge Ltd has approved equity fundraising of up to Rs. 3,200 crores (Rupees Thirty Two Hundred Crores only) through qualified institutional placements (QIP) or other permissible modes. The receipt of necessary approvals, including approval of shareholders and regulatory bodies, is a prerequisite for the fundraising.
Key Highlights
- Board approves fundraising of up to Rs. 3,200 crores
- Fundraising to be through QIP or other permissible modes
- Necessary approvals, including shareholder and regulatory body approvals, are required