GS Auto International to raise funds for expansion

Mumbai: GS Auto International is planning to raise upto Rs 50 crore for its expansion plan, including setting up a new manufacturing unit.

The company, which has convened a board meeting on August 30, is planning to raise the funds through various modes, the company informed the BSE.

GS Auto is looking at various modes like Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and or other convertible securities.