ABG to raise funds

ABG Shipyard is reportedly looking to raise up to Rs 400 crore via equity or equity-linked instruments to reduce its working capital loans and bring the debt-to-equity ratio down.
The company received shareholders’ approval to raise funds via equity on July 7. Its total debt is around Rs 2,100 crore, including working capital of Rs 1,200 crore, according to Exim News Service.

(Source: Transport Weekly)