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Tuesday, Sep 09, 2003
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 Info-Tech - Overseas Borrowings


Crest to raise $10 m via GDR

Our Bureau

MUMBAI: Crest Communication Ltd has obtained its shareholders' approval to raise $10 million by way of issue of global depository receipts (GDRs).

The company has also got a nod from its shareholders to authorise its board of directors to go in for a borrowing not exceeding Rs 100 crore. The shareholders have also approved the company's plan to delist its equity shares from the Ahmedabad and Chennai stock exchanges.

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