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Corporate - Preferential Allotments


Rain Commodities to raise Rs 40 cr

Our Bureau

Hyderabad , April 30

THE shareholders of Rain Commodities Ltd on Saturday approved the proposal to issue one-crore equity warrants of Rs 10 each at a premium of Rs 30 per share on a preferential allotment basis to raise Rs 40 crore.

The company informed the stock exchanges that the members have approved increase in the authorised share capital from Rs 24 crore to Rs 37 crore.

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