Processing .....please wait.. 
The article has been forwarded.... 
Aarti Drugs to raise $4.5 million
By siliconindia staff writer
|
Thursday, 03 June 2004, 19:30 IST
MUMBAI: Aarti Drugs has received the RBIÂ’s approval to raise $4.5 million through overseas borrowings, the company said in a statement to the Bombay Stock Exchange on Thursday.
Rabo Bank, Singapore is the arranger to the deal.
The funds would be used to part finance US Food and Drug Administration approved plant facilities, the statement said.
Earlier this week, the Indian central bank said that domestic companies had raised nearly $1.8 billion through overseas borrowings in April.