Sujana Tower raises $30 mn via GDR issue

Sujana Tower raises $30 mn via GDR issue

Mumbai: Telecom infrastructure firm Sujana Towers on Thursday said that it has raised $30 million by issuing shares.

The board of directors of the company at their meeting held on 23 December has opened $30 million global depository receipts (GDRs) issue and closed on the same date, Sujana Towers said in a filing to the Bombay Stock Exchange (BSE).

The board has alloted 53,57,140 GDRs at $5.60 per receipts, aggregating to $30 million.

Shares of Sujana Tower were trading at Rs53.20 on the BSE, up 5.24% per cent from its previous close.