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Mounteverest Trading to raise Rs 52.5 cr via debentures

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Press Trust of India Mumbai
Last Updated : Aug 14 2009 | 11:40 AM IST

Mounteverest Trading & Investment today said it will raise Rs 52.50 crore by issuing fully convertible debentures to non-promoter entities.     

The board has approved to issue 17.5 lakh fully convertible debentures to non-promoter entities with the right to apply upon conversion at Rs 300 a piece, Mounteverest Trading said in a filing to the Bombay Stock Exchange (BSE).

The debentures are exercisable within a period of 18 months from the date of allotment, the filing added.  

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First Published: Aug 14 2009 | 11:40 AM IST

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