27th Jul 2015 08:14
LONDON (Alliance News) - HICL Infrastructure Co Ltd on Monday said it is planning to raise GBP48 million by issuing new shares in a tap issuance.
The infrastructure investor said it wants to raise the funds to meet its net funding requirement, thereby enabling it to take advantage of new investment opportunities in the coming months.
The bookbuild for the placing is expected to close at noon in London on Wednesday.
Canaccord Genuity is running the accelerated bookbuild for the placing. The price is yet to be set.
HICL shares were down 0.3% at 154.40 pence on Monday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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