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ITD Cementation gets nod to raise funds up to Rs 350 crore

21 Sep 2017 Evaluate

ITD Cementation India has received an approval for raising of funds by way of issue of equity shares or financial instruments convertible into equity shares including warrants or securities convertible into equity shares in one or more tranches to institutions, corporate bodies, mutual funds, individuals, pension funds and / or any other category of investors (investors), as may be permitted through Private Placement or Qualified Institutional Placement (QIP) or on preferential allotment basis or any combination thereof or any other method up to an amount not exceeding Rs 350 crore. The board of directors at its meeting held on September 21, 2017 has approved for the same.

ITD Cementation India is an India-based company involved in construction and civil engineering. The company is engaged in construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), airports and other foundations.


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