MUMBAI, March 20 (Reuters) - The board of Indian engineering goods maker LG Balakrishnan & Bros. Ltd. approved raising up to 2.5 billion rupees through equity or debt, the company said on Monday.
Shares could be issued through rights or preferential allotment, the company said.
LG Balakrishnan's shares were up 6.35 percent to 38.50 rupees in a firm Mumbai market.