HCL Infosystems to raise Rs 825 cr for growth

HCL Infosystems Ltd, an information enabling ICT System Integration Company announced that its board has approved raising of funds to shape the future growth plans of the company. The funds will be raised from issuance of Convertible Warrants not exceeding Rs 325 cr including premium to promoters. In addition to this equity shares or equity linked securities or a combination thereof will be issued in the domestic and/or international offerings and/or Qualified Institutional Placements (QIP) for a value of up to Rs 500 cr including premium. The company expects to get the approval of the shareholders in an extra ordinary general meeting.