VSF Projects may raise funds to the tune of Rs 150 crore

VSF Projects is eyeing to raise funds to the tune of Rs 150 crore through preferential issue / QIP placement of equity shares / warrants for the purpose of investment in its wholly owned subsidiary-VSF Energy Projects. The board is scheduled to meet on January 19, 2012 to consider and approve the proposal.

VSF Energy Projects was incorporated as a special purpose vehicle (SPV) on March 7, 2011 as a subsidiary of VSF Projects in order to develop energy projects.