18.06.2009 - India: HDIL to raise $600 mln via QIP
From Thehindubusinessline.com: Realty firm Housing Development & Infrastructure Ltd (HDIL) on Wednesday said it will raise $600 million (about Rs 2,875.67 crore) through private placement of shares to qualified institutional buyers. The shareholders of the company have approved the proposal “to issue equity shares up to $600 million under qualified institutions placement (QIP) to qualified institutional buyers'', HDIL said in a filing to the Bombay Stock Exchange.........Full Article: Source