Mumbai: Property developer Akruti City is planning to raise $500 million (Rs 2,100 crore) to found projects. The company has received the board approval to raise the amount through the issue of equity shares to qualified institutional buyers and other options, such as GDRs, ADRs and FCCB, subject to regulatory approvals, the company told the Bombay Stock Exchange.

                                                        Courtesy E.T.:-03/07/08