Date:02/08/2007 URL: http://www.thehindu.com/2007/08/02/stories/2007080254701800.htm

Business - Briefly

1:1 bonus from Northgate Technologies

HYDERABAD: Northgate Technologies on Wednesday announced bonus shares of 1:1 and planned to raise funds up to Rs. 450 crore through global depository receipts (GDR)/foreign currency convertible bonds (FCCBs). The company would invest 60-70 per cent of the fund raised through the GDRs to enhance the capacity of its servers.