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HYDERABAD: IVRCL Infrastructures & Projects Ltd plans to raise up to $140 million through global depository receipts (GDRs). The company has informed the Bombay Stock Exchange that the company's board has decided to seek the consent of shareholders for raising funds through GDRs in the form of equity or debt (foreign currency convertible bonds) or a combination of both. Necessary resolutions are being proposed for consideration by the members at the ensuing AGM on September 24.

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