India’s Gateway Distriparks board OKs up to Rs. 1.5 billion of funds

By Sarah Lizee

Olympia, Wash., June 10 – Gateway Distriparks Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and approved raising up to Rs. 1.5 billion of funds.

According to the notice, funds may be raised through issue of foreign-currency convertible bonds, foreign currency exchangeable bonds, Global Depositary Receipts, American Depositary Receipts and/or any other securities or a combination of those.

The board also approved appointment of Icici Securities Ltd. as the lead manager for any fund-raising activities.

Gateway is a logistics facilitator based in Mumbai, India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.