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| Shri Lakshmi Cotsyn to raise funds | |
| Shri Lakshmi Cotsyn to raise funds To convene EGM The board of Shri Lakshmi Cotsyn in its meeting on 08 April 2011 has decided to raise equity by way of QIP, PE, PP (Private Placement), FCCB, Warrants, GDR, ADR. Right issue etc to meet out the cost of expansion projects i.e. technical textiles, denim, home-furnishing and spinning projects. The board has approved to increase the borrowing power of the company not exceeding the limit of Rs 4000 crore. Further, the board has decided to convene extraordinary general meeting on 05 May 2011. |
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