Packaging solutions provider Bilcare today said it is planning to raise $35 million (about Rs 170 crore) through the issue of securities.     

The board has approved and the issue of global depository receipts (GDRs) or equity shares by the company, not exceeding $35 million, Bilcare Ltd said in a filing to the Bombay Stock Exchange (BSE).     

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Shares of Bilcare were trading at Rs 425, up 1.86 per cent in afternoon trade on the BSE.

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