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Sunday, Jul 10, 2005

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Corporate - Overseas Borrowings


Zicom to raise $12 m thro' GDRs

Our Bureau

MUMBAI: Zicom Electronic Security plans to raise $12 million through convertible bonds or global depository receipts to fund its expansion plans.

The company plans to issue in one or more lots on a preferential basis, up to four lakh warrants to its promoters, a release from the company said.

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