Published on Tue, Feb 14, 2012 at 14:00 | Source : Reuters
Updated at Tue, Feb 14, 2012 at 14:40
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Lanco shares up 19% on fund raising plans
Shares in Lanco Infratech Ltd extended gains to nearly 19 percent after an executive told Reuters the power company was in talks with investors to sell a minority stake in its power business to raise $600-$750 million to fund its expansion plans.
Shares in Lanco Infratech Ltd extended gains to nearly 19% after an executive told Reuters the power company was in talks with investors to sell a minority stake in its power business to raise USD 600-750 million to fund its expansion plans.
At 1:50 p.m. (0820 GMT), Lanco shares was up 17.34 percent at 18.95 rupees.
