New Delhi, Apr 30 (PTI) Infrastructure firm KBC Global on Wednesday said its UK-based subsidiary Dharan International Ltd will raise nearly 70 million pounds (around Rs 793 crore) to part-finance a port project in Liberia.

The proceeds from the fundraising will be exclusively utilised to finance Dharan International's participation in the Buchanan Port Integrated Industrial Development Project in Liberia, the infrastructure player said in a statement.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for April 30, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

The project is a flagship regional maritime and logistics hub being developed in collaboration with the Special Economic Zone Authority of the Republic of Liberia, it said.

Dharan International will raise funds through the issue of equity shares and convertible bonds.

Also Read | Shillong Teer Results Today, April 30 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

The company plans to raise 64.175 million pounds (around Rs 730 crore) through the issuance of 6.41 crore equity shares to institutional investors, in one or more tranches, along with 5.8 million pounds through the issuance of 58 convertible bonds, the statement said.

"This capital infusion marks a critical step in Dharan International's global growth strategy and reaffirms KBC Global's commitment to unlocking long-term shareholder value through international diversification and infrastructure-led expansion," KBC Global said.

The company, engaged in the business of construction and real estate development, said that it is focusing on turning around business operations with plans to expedite expansion plans and debt reduction in the near future. The company's order book stood at over Rs 260 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)