Chennai based apparel retailer, Indian Terrain Fashions Ltd. proposes to raise Rs. 75 crore through issue of securities or qualified institutions placements (QIP’s).
In a filing with BSE, the retailer said it will raise the amount either through issuance of securities including equity shares or other securities convertible into equity shares, including through a public issue.
Other options include a private placement basis or preferential issue or any other kind of issue placement or also through a QIP under SEBI regulations.
The company may also explore other options like American Depository Receipts (ADRs) or Global Depository Receipts (GDR’s) or Convertible Debentures in any form.
