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Globus Constructors & Developers to raise funds up to Rs 22 crore

23 Jan 2012 Evaluate

Globus Constructors & Developers has received an approval to raise funds up to Rs 22 crore by issue of equity shares by way of Qualified Institutional Placements. The company has received an approval at its board meeting held on January 21, 2012. The company has also received board approval to enter into power generation business.

Globus Constructors & Developers, formerly Gupta Fibres, is an India-based company. The company is entering into the new business area in the field of construction, infrastructure and real estate development.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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