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| Exchange Disseminated Time | Silveroak Commercials Ltd has now informed BSE that the Board of Directors of the Company at its meeting held on April 05, 2012, has approved to purchase immovable properties (Land, Building, Plant & Machinery) of M/s. Max Energy Private Limited at Nashik to manufacture electrical components, accessories, control panel, etc.
To raise the finance for said purpose, Company proposes to issue Redeemable, Unsecured, non Convertible Debentures to Promoters, body corporate on private placement basis. |
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