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| Exchange Disseminated Time | Vardhman Polytex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2011, inter alia, has considered and approved the following, subject to the approval of shareholders that:
1. Issue upto 70,00,000 equity shares face value of Rs. 10/- each at cash at premium to financial investors, belonging to non-promoter group on preferential basis.
2. Raising of long terms finds for an amount not exceeding Rs. 300 crores by way of any mode as ADR/ GDR/ FCCB/ QIP.
3. Increase the Authorised Share Capital of the Company from Rs. 50 crore to Rs. 70 crores. |
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