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Prithvi Information Solutions has received the nod from the board at the EGM (extraordinary general meeting) of the company to increase authorised capital of the company from Rs 30 crore to Rs 100 crore by allowing change in Memorandum and Article of Association to this effect.
The firm will go for a preferential issue 1.65 crore equity shares to persons belonging to the non-promoter category at Rs 26 a share.
It would also issue 5 crore fully compulsorily convertible warrants to the same category at the same price.
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