International Business

Bilcare plans raising $35 mn

Packaging solutions provider Bilcare today said it is planning to raise $35 million (about Rs 170 crore) through the issue of securities. - Balance between public good & intellectual property necessary: T Ramasami - RIL gets highest number of trademarks in 2008 - Regaining strength? - Ban on entry load may impact AMCs: McKinsey - Cipla to raise Rs 1,500 cr by issue of shares - KSK Energy to raise Rs 2,000 cr via sale of securities The board has approved and the issue of global depository receipts (GDRs) or equity shares by the company, not exceeding $35 million, Bilcare Ltd said in a filing to the Bombay Stock Exchange (BSE). The proposed fund raising plan is subject to regulatory and shareholder"s approval, it added. Shares of Bilcare were trading at Rs 425, up 1.86 per cent in afternoon trade on the BSE.

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