Shree Ashtavinayak to raise $ 150 million

Shree Ashtavinayak Cine VisionShree Ashtavinayak Cine Vision, Well-known Cine-entertainment firm, has decided to raise USD 150 million through various routes from both the domestic and international markets.

The board has approved raising funds through Global Depository Receipts (GDRs)or American Depository Receipts (ADR) or Foreign Currency Convertible Bonds (FCCB) or convertible securities linked to equity shares, including qualified institutional placement of share. 
It should be noted that the shareholders of the company will meet on October 24 for Extraordinary General Meeting. 

The scrip of the company today settled at Rs 68 on BSE. The counter has touched an intraday high and low of Rs 72 and Rs 62 respectively.