MBL Infrastructures gets nod to raise Rs 300 crore

29 Aug 2019

MBL Infrastructures has received an approval for raising of funds up to Rs 300 crore through issue of securities, whether denominated in Indian Rupee and/or foreign currency (ies), either by way of public issue or private placement (including through a qualified institutions placement) or any other mode, in one or more tranches. The Board of Directors of the company at its meeting held on August 29, 2019, has considered and approved the same.

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.

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