ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Diversification and Modernisation

Diversification and Modernisation Hansavivek RALLIS INDIA has drawn up a five-year plan for diversification and modernisation involving a capital outlay of over Rs 50 crore. To finance a part of the capital expenditure the board of directors has proposed to raise Rs 19.75 crore by the issue of partly convertible debentures by way of 'rights' According to the proposal, which is subject to the consent of the controller of capital issue, the company will offer for subscription to the existing shareholders two such debentures of Rs 500 each for every three equity shares held. Each debenture will consist of two equal parts

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