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DIACABS — Diamond Power Infrastructure News Story

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India's Diamond Power Infra rises after board approves fundraise of $211 million

BUZZ-India's Diamond Power Infra rises after board approves fundraise of $211 million

** India's Diamond Power Infrastructure Ltd DIAC.NS up 3.2% at 208.75 rupees, snaps a three-session losing streak

** Company's board approves raising 20 billion rupees ($211.95 million) via issuance of shares through Qualified Institutions Placement (QIP)

** Fundraising limit raised from 10 billion rupees earlier

** YTD, stock down 13.13%

($1 = 94.3600 Indian rupees)


(Reporting by Saikeerthi in Bengaluru)

((Saikeerthi@thomsonreuters.com; (+91) 8296756080))

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