Birla Precision Technologies to raise Rs 150 Crores

Birla Precision Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on July 04, 2008, has approved raising of further funds to the extent of Rs 150 crores by way of FCCB / ADR / GDR / QIP, etc.

To increase the limits for FII investment to 74%.

The approval of the members for the aforesaid matters will be taken in the ensuing Annual General Meeting.

Source : Equity Bulls

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