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Saturday, May 21, 2005

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Corporate - Private Placement


Satnam gets board nod to raise Rs 110 cr

Our Bureau

NEW DELHI: The board of directors of Satnam Overseas Ltd on Friday approved raising additional long-term funds up to Rs 110 crore through a public issue or on a private placement basis.

The company said in a notice to the Bombay Stock Exchange that the board has also called for an extraordinary general body meeting to consider the issue.

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