Date:18/08/2005 URL: http://www.thehindubusinessline.com/2005/08/18/stories/2005081801990200.htm

Back Rajasthan Spinning to raise $25 m thru debt, equity

Our Bureau

New Delhi , Aug. 17

RAJASTHAN Spinning & Weaving Mills Ltd (RSWM) on Wednesday announced that it would raise $25 million through a combination of equity and debt.

"The Rs 763-crore flagship company of the LNJ Bhilwara Group, today announced the approval by its board of directors for issuing securities for an aggregate amount not exceeding $25 million," stated a company release. The company will issue equity shares, depositary receipts, foreign currency convertible bonds and non-convertible debt bonds to its existing shareholders, foreign investors and FIIs.