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Sunday, Jan 18, 2004

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Sirpur Paper mulls fund raising

Our Bureau

HYDERABAD: Sirpur Paper Mills Ltd has informed stock exchanges that its board of directors will meet on January 23 to consider raising of funds for an expansion and modernisation project by issue of ordinary shares, warrants, debentures, secured premium notes, floating rate bonds or other securities either on private placement or preferential allotment or rights issue or public issue basis.

The board will also consider calling an extra-ordinary general meeting for approval of shareholders in this regard.

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