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COUNTRY CLUB INDIA TO RAISE US$130 MLN OVERSEAS TO SET UP CLUBS.

AsiaPulse News

| September 03, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Sept 3 Asia Pulse - Entertainment and leisure conglomerate Country Club India (BSE:526550) on Friday said it will raise about US$130 million through issue of securities in the overseas market for setting up clubs at various locations across the country.

The Board of directors of the company approved raising funds through issue of Global Depository Receipts, Foreign Currency Convertible Bonds, Qualified Institutional Placement or other securities, it said in a filing to the Bombay Stock Exchange.

The company would also raise Rs 75 million (US$1.8 million) through issue of equity shares to Bennett, Coleman & Co Ltd on ...

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