HCL Infosystems announced today that its broad approved a move to raise funds amounting Rs 825 crore to drive the company’s future growth.

For raising funds, the company will make use of issuance of Convertible Warrants not exceeding Rs 25 crore which will include premium issued to promoters. Additionally equity shares or equity linked securities or combination thereof will be issued in the domestic and international offerings and/or Qualified Institutional Placements (QIP) for a value of up to Rs 500 crore including premium.

Mr. Sandeep Kanwar, Chief Finance Officer, HCL Infosystems Ltd said, “We intend to raise funds to augment our long term resources for future growth, including investing in expansion of our existing & new businesses, development of infrastructure and possible acquisitions in India or abroad, currently we have not identified or entered into an agreement for any acquisition for which we intend to raise such funds.”