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| Updated on July 29, 2011 Published on July 29, 2011

Fulford India Ltd has informed BSE that the Company had raised Rs. 40.25 crores by issuing 7,00,000 Equity shares of Rs. 10/- each at a premium of Rs. 565/- per share, to its promoters Dashtag. The funds were raised
to provide capital in order to permit the Company to strengthen its position in the market and act on strategic business growth opportunities, as stated in the explanatory statement to the notice dated October 16, 2006 convening the Extra-ordinary general meeting of the Company on November 15, 2006.

The above amount is presently unutilized in respect of the aforementioned purposes and is invested in fixed deposits with various banks.

Source : BSE - >www.bseindia.com

Published on July 29, 2011
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