BSEL Infrastructure Realty, one of the leading infrastructure development company, has informed that its board of directors has decided to raise up to US$100 million.

The fund would be raised by way of GDR/ADR/FCCB/ and or other securities linked to equity / preference shares and or any instrument or securities representing convertible securities.

Apart from this, the board also approved the re-appointment of statutory auditors of the company, Raju & Prasad, Chartered Accountants, subject to the approval of members in the ensuing Annual General Meeting (AGM).

BSEL Infrastructure has reported consolidated net profit of Rs 3.54 crore on total income of Rs 13.77 crore for the April to June quarter. The standalone profit for the quarter was Rs 0.28 crore.

Shares of the company gained Rs 2, or 6%, to end at Rs 40. The total volume of shares traded was 204,024 at the BSE. (Wednesday)