Shriram EPC plans to raise Rs 300 cr via debenture, preference shares

Posted By: Religare
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Chennai-headquartered Shriram Engineering Procurement and Construction Limited (Shriram EPC) on Thursday said it will raise Rs 300 crore through issuing of optionally convertible debentures and cumulative redeemable preference shares.

"The Board of Directors of the company at its meeting held on August 29, 2013, has approved issuing of optionally convertible debentures worth Rs 100 crores and Rs 200 crores by issuing of cumulative redeemable preference shares, subject to approval of the Shareholders of the Company and other regulatory authorities," Shriram EPC said in a filing to Bombay Stock Exchange.

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