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Elitecon International Board Clears Rs 1,000 Crore Fundraise Plan, Shareholder Approval Awaited

Elitecon International Board Clears Rs 1,000 Crore Fundraise Plan, Shareholder Approval Awaited

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Elitecon International’s board has approved a fundraising proposal of up to Rs 1,000 crore through a qualified institutions placement. The issue remains subject to shareholder approval, regulatory clearances and decisions on pricing and timing.

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