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Walchandnagar Industries gets nod to raise Rs 200 crore via various means

Walchandnagar Industries has received approval to raise funds not exceeding Rs 200 crore, by way of issue of securities including but not limited to Equity Shares, and/or any other securities convertible into Equity Shares with or without warrant by way of public and/ or private placement, through Qualified Institutional Placement (QIP)/ Rights Issue or through any other permissible mode and / or combination.

The Board of Directors of the Company at its meeting held on November 13, 2018 has approved the same.

Walchandnagar Industries is a high-tech heavy engineering company, manufacturing critical equipment for India’s diverse requirements in the field of defence, nuclear power and space programmes.

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