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Everest Kanto board approves raising of Rs 150 cr
Press Trust of India / Mumbai Jun 12, 2009, 12:35 IST

Manufacturers of high pressure gas cylinder Everest Kanto today said it will raise Rs 150 crore by various fund raising routes.     

The board of directors of the company at its meeting has approved the raising of Rs 150 crore by issuing fully convertible debentures or through qualified institutional placement with the qualified institutional buyers, Everest Kanto said in a filing on the BSE.     

Shares of Everest Kanto were trading at Rs 228.70, up 1.13 per cent on the BSE.

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