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Prospect News home > News index > List of issuers I > Headlines for IVRCL Infrastructures & Projects Ltd. > News item
Published on 8/26/2005 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India's IVRCL Infrastructures plans to raise up to $140 million

By Reshmi Basu

New York, Aug. 26 - IVRCL Infrastructures & Projects Ltd. said that it plans to issue up to $140 million of securities to raise funds for projects.

The securities will be structured either as foreign currency convertible bonds, global depository receipts or a combination of both.

The board of directors will seek shareholders' approval of the planned issuance at its Sept. 24 meeting.

The construction company is based in Hyderabad, India.


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