Sunil Hitech to raise Rs.200 Crores

Sunil Hitech Engineers Ltd has announced that the Board of Directors of the Company at its meeting held on August 26, 2007, has recommended to raise funds upto Rs 200 crores through ADR (American Depository Receipt) / GDR (Global Depository Receipt) / FCCB (Foreign Currency Convertible Bond) / or similar instrument to be converted in to equity shares, subject to the approval of the general body at an Annual General Meeting to be held on September 20, 2007.

Source : Equity Bulls

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