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Hyderabad, July 5

Northgate Technologies has decided to increase its authorised capital from Rs 23 crore to Rs 50 crore. In a statement, the company told the BSE that a meeting of the board of directors will be held on July 7 to consider bid to raise up to $100 million through global depository receipts (GDRs) or foreign currency convertible bonds (FCCBs) in one or more tranches.

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Northgate to hike capital

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