Indian Terrain Fashions To Raise Rs. 75 Crore

Indian Terrain FashionsChennai 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.

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