Orient Cement Ltd has been planning to raise Rs 500 crore from the market through qualified institutional placements, equity shares or through other securities.

Orient Cement has said in a regulatory filing that the board of the company approved a proposal to raise the fund in one or more tranches and would seek shareholders’ approval through an AGM.

The firm may also use methods “including by way of a rights issue to existing shareholders of the company, private placement or a further public issue, or issue of Global Depository Receipts/American Depository Receipts, Foreign Currency Convertible Bonds.”

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