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MumbaiFeb. 15The Board of Reliance Industries will meet on February 24 to review its decision of November 2006 to raise $2 billion, said a statement from the company.

These funds were intended to finance the company's capital expenditure plans for oil and gas exploration and production. The board will discuss raising of further resources to finance the ongoing capital expenditure across several new projects through syndicate loans, non-convertible debentures, convertible debentures, external commercial borrowings,oreign currency convertible bonds, preference shares, warrantss, said the statement.

(This article was published in the Business Line print edition dated February 16, 2007)
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