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Hyderabad, April 1

The board of Suryavanshi Spinning Mills Ltd has allotted 41.62 lakh shares of Rs 10 each to the shareholders of Suryavanshi Textiles Ltd in the ratio of 54:100 (54 shares for every 100 shares of Suryavanshi Textiles). The move follows the scheme of amalgamation sanctioned by BIFR in September 2007. Post-allotment, the paid-up capital of the company stood at Rs 11.32 crore, the company informed the Bombay Stock Exchange.

— Our Bureau

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