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BANGALORE: Shareholders of MphasiS BFL, at an extraordinary general meeting on Wednesday, approved the company's plans to increase its authorised share capital to Rs 100 crore from Rs 40 crore.

The shareholders also approved the company's plans to come up with American Depository Receipts and/or Global Depository Receipts issue to raise additional funds to meet its capital expenditure and working capital requirements.

All the resolutions, including the bonus issue of 1:1, were approved by the shareholders at the EGM, said Mr Ravi Ramu, CEO.

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