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CHENNAI: At the meeting of the board of directors of Ramco Systems held on Monday, it has been decided to raise further capital by issue of equity shares on rights basis for an amount not exceeding Rs 75 crore.

The board has also constituted a committee and delegated the necessary powers to it to decide about the size, timing, basis of offer, premium and other modalities of the proposed rights issue, the company said in a release to the Bombay Stock Exchange.

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