Shrenuj to raise Rs 120cr from domestic

New Delhi, Nov 21 (UNI) Shrenuj&Company Ltd today announced plans to raise Rs 120 crore through issue of securities in the domestic and international markets.

The Board of Directors of the company will meet on November 24 to consider the raising of resources, a company statement said.

The meeting will also decide upon increasing the authorised share capital of the company to Rs 35 crore from Rs 25 crore, besides forming a trust to issue shares to employees.

The company's members on October 18, accorded authority to the board to issue securities including Global Depository Receipts or American Depository Receipts convertible into equity shares and equity shares, up to an amount of Rs 130 crore.

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