Pratibha Industries to raise funds up to Rs 250 crore through QIP

Pratibha Industries has received an approval for raising of funds through QIP issue up to Rs 250 crore subject to approval of shareholders to be obtained through Postal Ballot. The board of directors at its meeting held on July 17, 2014 has approved for the same.

Pratibha Industries is engaged in the business of integrated infrastructure solutions. As the company moves ahead, it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.