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Board of NCC approves rights issue

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Capital Market

At meeting held on 09 April 2014

NCC has announced that the Board of Directors at its meeting held on 09 April 2014 approved raising of funds upto an amount of Rs 650 crore through rights issue of equity shares to the existing members of the Company, subject to the requisite statutory & regulatory approvals and other consents / approvals as may be necessary.

The Board had also accorded inprinciple approval for increasing the authorised share capital from Rs 60 crore to Rs 150 crore.

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First Published: Apr 09 2014 | 3:18 PM IST

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