What to watch. Focus on Cadila’s fund-raising plans

The board of directors of Cadila Healthcare will meet on Monday to consider a proposal to raise funds by issue of equity shares/convertible bonds/debentures through qualified institutional placement/GDR/ADR. The board will also consider issue of secured/unsecured redeemable NCDs/FCCBs on private placement basis. These proposals, if approved, will have to then get shareholders’ nod. Investors will follow the quantum and mode of funds being planned to raise.