Corporate News     20-Jan-09
Piramal Glass to raise funds
To increase authorized share capital
The board of Piramal Glass has decided to raise funds not exceeding Rs 200 crore through issue of equity shares on rights basis, in the ratio of 7:2 at a price of Rs 30 per equity share.

The board has decided to seek shareholders approval through postal ballot for increasing the authorized share capital from Rs 65 crore to Rs 82 crore to facilitate the rights issue.

This was decided at the board meeting held on 20 January 2009.

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