KPIT Cummins seeks to raise $2.50-mn

PUNE: KPIT Cummins Infosystems Ltd has issued 311,166 equity shares of the company on a preferential basis, to International Finance Corporation, Washington (IFC) towards an infusion of $ 2.50 million, at a price of Rs 356 per share of Rs 5 each.

The company has convened an Extraordinary General Meeting of the shareholders of the company on April 08, 2006, to take necessary approvals from the shareholders in this regard, according to stock exchanges.