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To: Mohan Marette who wrote (9587)11/14/1999 2:43:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 12475
 
Orient Infotech plans private placement to raise Rs 30 cr

orientinfotech.com

ORIENT Information Technology Ltd, a Mumbai-based IT services company, is planning a private placement of 2.5m shares to institutional investors and mutual funds. The object behind the fresh private placement is to raise funds to finance its $7m (Rs 30 crore) capital expenditure programme. (11/15/99-et)