Surana Corp to raise Rs 300cr

 According to a release issued by Surana Corporation to the BSE today,
the board also decided to increase the authorised capital of the company to Rs 55 crore from Rs 21crore.

 "The meeting cleared a proposal to make an offer for sale so as to dilute promoters holding to maintain the minimum required public holding (25%) as per the Stock Exchange, Mumbai directions," the release added.