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Shares of Mercator will remain in focus, as its board will meet on Tuesday to consider raising funds through issue of securities.
The avenues for raising the funds include issuing foreign currency convertible bonds, qualified institutional placement, debt issue, preferential issue or any other methods.
The quantum of funds to be raised will be eyed more closely by investors. Besides, the mode of fund-raising and the timing of the issue will also get shareholders’ attention.
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