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Infrastructure Leasing & Financial Services to raise 45B rupees in rights issue

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Infrastructure Leasing & Financial Services to raise 45B rupees in rights issue

Infrastructure Leasing & Financial Services Ltd. plans to increase its capital through a rights issue.

The company seeks to raise 45 billion Indian rupees by issuing 300 million equity shares at 150 rupees apiece, according to an Aug. 29 release.

The rights issue is expected to be completed by Oct. 30.

As of Aug. 29, US$1 was equivalent to 70.55 Indian rupees.