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Birla Power Solutions decides to gather Rs.100crore

Tuesday, June 30, 2009 10:00 am
By ShareGyan.com NewsDesk

Reportedly, Birla Power Solutions resolves to gain nearly Rs.100crore by equity shares’ issuance or securities changeable into equity shares in national and global markets.
Besides, the company is also about to gather its authorized share capital to Rs.100crore from present Rs.65crore, whereas generating 35crore extra equity shares of Re.1 each.
Company’s board has sanctioned both the proposals.
Birla Power Solutions is an Rs.2500crore valued at company of the Yash Birla Group. It produces generator, sprayer, power tiller, inverters/battery, engine, pump set and lawn mover.

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