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Board of Wintac decides to raise funds through ECB for capital expenditure

Capital Market 

At meeting held on 06 December 2017

The Board of Directors of at its meeting held on 06 December 2017 have decided to exercise the borrowing option in the form of ECB up to Rs 40 crore from the holding company, Veego Pharma LLC, USA to fund new capital expenditure (building additional capacities for Opthalmic and Injectable Vials). The Board has decided to defer the rights issue proposal temporarily

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 06 2017. 20:04 IST