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Coimbatore, Dec. 18 National Mineral Development Corporation Ltd’s Board of Directors will meet on December 27 to consider the issue of bonus shares, splits, etc.

PSL Ltd’s board has given approval to raise long-term funds up to $125 million by means of issuance of appropriate securities (including the shares under Qualified Institutional Placement scheme and/or issuance of Foreign Currency Convertible Bonds) and an EGM will be convened on January 17, 2008 to enable the shareholders to consider and approve the proposal. Texmaco Ltd has stated that pursuant to the order by the High Court at Calcutta, a meeting of the equity shareholders and six per cent Redeemable Non-cumulative Preference Shareholders of the company will be held on January 7, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the proposed Scheme of Amalgamation of the Evershine Merchants Pvt Ltd, Neora Hydro Ltd and Shree Export House Ltd with the company.

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