Jaypee Infratech Ltd has planned to raise about Rs 2,500 crore through various instruments to fund various projects and to meet the minimum level of public shareholding in the company.
Its board of directors on Wednesday decided to raise funds/resources to the tune of Rs 2,500 crore through various domestic/international options including QIP/ECB with conversion into shares/FCCBs/ADRs/GDRs/FPO/Optionally or Compulsorily Convertible Redeemable Preference Shares etc. and to issue further shares under Institutional Placement Programme simultaneously meeting the need for minimum level of public shareholding, if any, the company said in a communication to the stock exchanges.