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Coimbatore, July 22 Aban Offshore Ltd’s Board of Directors has approved raising of capital through issue of cumulative redeemable non-convertible preference shares on private placement basis and the same need not be offered to the existing holders of such shares, raising of additional long-term resources through issue of FCCBs, GDRs, ADRs etc. not exceeding amount equivalent to $400 million and raising of additional capital through issue of equity shares/fully convertible debentures/partly convertible debentures/ optionally convertible debentures or any other securities, which are convertible into or exchangeable with the equity shares of the company or other specified securities on preferential basis to qualified institutional buyers up to Rs 1,000 crore.

Areva T&D India Ltd has informed that the Board of Directors will consider a proposal for subdivision of equity shares of Rs 10 each into five equity shares of Rs 2 each on July 29.

Info Edge (India) Ltd has said that it proposes to invest Rs 6.5 crore for a 40 per cent equity stake in Applect Learning Systems Private Ltd, of which Rs 1 crore has been disbursed.

Super Tannery India Ltd’s Board of Directors will consider on July 31 issue of bonus shares.

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