Ramco Systems is on the verge of announcing a rights issue, the proceeds of which will be utilised to promote our cloud products in the global market. The issue, now in the final stages of approval from the Securities and Exchange Board of India (SEBI), is expected to raise Rs. 40 crores.
Mr. R. Shankar, Executive VP, India Middle East and Africa, Ramco Systems, in an interview with CNBC-TV18, says, the ratio is yet to be worked out. This issue will take care of our immediate requirement for the forcible future, he adds.