Also, the board last month approved the issue of compulsorily convertible debentures for a total sum of up to Rs 427 crore through preferential allotment on private placement basis to DVI Fund Mauritius. The company is planning to expand its retail and manufacturing set up. Stock price of the company rose Rs 3.90, or 1.10 percent on May 25, closing at Rs 358.60, reports say.
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