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The board meet of SORIL Infra Resources would be held on Thursday to consider and approve a preferential issue of equity shares or convertible securities to the promoter group and/or their PACs, and pricing of the issue. Last week, its board had approved a ₹210.21-crore preferential issue, at ₹539 a share, to certain FPIs registered with SEBI, for diversification and expansion of existing and future businesses and to further augment its long-term financial resources.
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