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Scan Steels has informed the BSE that a meeting of its board of directors will be held on July 3 to consider a proposal to raise resources for growth of the company. The company plans an issue of non-convertible preference share to promoters, strategic investors, and bodies corporate, among others, on preferential allotment basis. The board will also consider alteration of the main object of the company. On Wednesday, the stock of Scan Steels surged 5 per cent to close at ₹46.20 on the BSE.
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