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Corporate
Grabal Alok to raise $35 mn

MUMBAI: Manufacturer of embroidered products, Grabal Alok Impex on Thursday said it will issue convertible securities up to $35 million (nearly Rs 165.95 crore).

The board has sought shareholders approval to raise $35 million through issue of convertible securities, Grabal Alok Impex said in a filing to the Bombay Stock Exchange. - PTI

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