RCoVL to consider raising funds from intl mkts
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RCoVL to consider raising funds from intl mkts

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

india Updated: Mar 14, 2006 15:34 IST

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.

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.

First Published: Mar 14, 2006 15:34 IST