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Hyderabad, Jan. 28

The extraordinary general meeting of Southern Online Biotechnologies Ltd, held here on Monday, approved issuance of shares under qualified institutional placement to raise Rs 19.21 crore. The EGM also approved issuance of 24 lakh shares and 26.50 lakh convertible warrants at Rs 42.70 a share to promoters and others on preferential basis, Mr Satish Kumar, Managing Director, said in a press release.

— Our Bureau

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