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Shares of Reliance Defence and Engineering will remain in focus, as its board meets on Friday for a rights issue.
The company, formerly Pipavav Defence and Offshore Engineering Company, plans to consider augmenting its long-term resources through an issue of rights shares.
Analysts will closely monitor the entitlement ratio, price and quantum of funds to be raised through the issue. The company plans to expand aggressively in the field of defence.
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