Friday November 27, 09:20 PM Reuters

Valecha Engineering board oks raising up to $20 mln

MUMBAI (Reuters) - Valecha Engineering said on Friday its board has approved raising up to $20 million via equity or debt from Indian or overseas markets.

The board also approved raising authorised capital to 350 million rupees, from 200 million rupees now, it said in a statement to the Bombay Stock Exchange (^BSESN : 16031.22 -10.96).

(Reporting by Tamajit Pain; Editing by Prem Udayabhanu)

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