Bajaj Hindusthan has raised $100 million through
the issue of global depository receipts (GDRs) and foreign currency convertible
bonds (FCCBs).
The company raised $100 million through the issue
of GDRs worth $60 million and FCCBs worth $40 million. Both the instruments
would be listed on the Luxemborg Stock Exchange.
The proceeds would be used to part-finance the
company's ongoing expansion programme.
Also See:
Bajaj
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