The board of Era Infra Engineering has recommended dividend at the rate of Re 0.40 per equity share (20%) for the year ended 31 March 2009. The board has also approved to increase authorised equity share capital of the company from existing Rs 40 crore to Rs 60 crore.
Further the board has approved for raising of funds to the tune of US $ 200 million, whether from India or abroad, by way of issue of equity shares or any other securities convertible into equity shares through depository receipts/FCCB/QIP.
This was approved at the board meeting held on 13 July 2009.
Further the board has approved for raising of funds to the tune of US $ 200 million, whether from India or abroad, by way of issue of equity shares or any other securities convertible into equity shares through depository receipts/FCCB/QIP.
This was approved at the board meeting held on 13 July 2009.
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