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At meeting held on 01 December 2016Shilpa Medicare announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each.
The Board also proposed to increase the shareholding limit for FIIs'/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.
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