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Bangalore, Nov. 16 Cambridge Solutions Ltd announced on Friday that it proposes to raise $40 million, including a greenshoe option of $10 million.

The company in an intimation to the BSE said the amount will be raised through ADR or GDR or Foreign Currency Convertible Bonds.

The decision taken by the company at its board meeting held on Thursday will be presented before an extraordinary general meeting in December for shareholders approval.

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Cambridge Solutions to raise $40 million

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