Sejal Architectural Glass today said it will raise Rs 220 crore by issuing warrants and alloting shares to institutional buyers.

The shareholders have approved issuing 5,00,000 warrants at Rs 40 a piece to two promoters, aggregating to Rs 20 crore, Sejal Architectural Glass said in a filing to the Bombay Stock Exchange.

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Shares of Sejal Architectural Glass were trading at Rs 53.95 on the BSE, down 1.01 per cent from previous close.

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