MUMBAI - Software firm Four Soft Ltd. said on Friday its board had agreed to raise $70 million through issue of depositary receipts, bonds or debentures.
Four Soft said in a statement its board had also agreed to issue 1.08 million shares on a preferential basis to a clutch of investors at 65 rupees each.
The company would also issue two million warrants to Citigroup Inc. convertible at 68 rupees per share.