Hindustan Dorr-Oliver gets nod to raise funds up to Rs 100 crore

Hindustan Dorr-Oliver has received an approval to raise funds for the company and /or for its Indian/Overseas Subsidiaries up to an aggregate amount not exceeding Rs 100 crore. The board of directors at its meeting held on May 29, 2014 has approved for the same. The company will raise funds by way of issue of securities, including Global Depository Receipts (GDRs) and or American Depository Receipts (ADRs) convertible into equity shares, or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc., convertible into equity shares, in one or more tranches in Indian or Foreign Markets(s) as applicable, whether optionally or otherwise or any combination thereof. Hindustan Dorr-Oliver is an Indian EPC company having its core business activities in providing engineered solutions, technologies and EPC installations in Liquid-Solid Separation applications.