Thursday, February 21, 2008

Teledata to raise Rs 500cr via QIPs

The board of Teledata Informatics, which met yesterday, approved a proposal to raise up to Rs 500 crore by way of qualified institutional placements (QIPs) of equity shares.

According to a release issued by the company to the BSE today, an EGM has been convened on March 19 to clear the proposal.

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