RCoVL to consider raising funds from intl mkts

Anil Ambani-controlled RCoVL to consider raising long term resources by FCCBs in the international markets.

Anil Ambani-controlled Reliance Communication Ventures Ltd said on Tuesday that it would consider raising long term resources by issuing Foreign Currency Convertible Bonds (FCCBs) in the international markets.

HT Image

The Board of Directors would meet on March 21, to consider raising of funds through FCCB issue at a premium to the prevailing market price of the equity shares of the company, subject to necessary and regulatory approvals, RCoVL informed the Bombay Stock Exchange.