Article: Grabal Alok to raise USD 35 mn.

Grabal Alok to raise USD 35 mn

Mumbai, May 21 (PTI) Manufacturer of embroidered products, Grabal Alok Impex today said it will issue convertible securities up to USD 35 million (nearly Rs 165.95 crore).

The board members of the company has sought shareholders approval to raise USD 35 million through issue of convertible securities, Grabal Alok Impex said in a filing to the Bombay Stock Exchange.

*** Adhunik Metaliks board to meet on May 28 *Steel product manufacturer, Adhunik Metaliks today said its board will meet on May 28 to consider conversion of fully convertible debentures issued to Clearwater Capital Partners (Cuprus) Ltd.

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