Piccadily Sugar to raise funds as per BIFR order

Piccadily Sugar & Allied Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 20, 2008, to consider the Order of Board for Industrial & Financial Reconstruction, New Delhi regarding induction of fresh funds amounting to Rs 5.00 Crores in the Shape of allotment of Equity Shares to the Promoters / Associates of the Company.

Source : Equity Bulls

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