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Rapid Investments planning to raise Rs 96 lakh on preferential basis

20 Dec 2017 Evaluate

Rapid Investments is planning to issue and allot Equity Shares aggregating to Rs 96 lakh on preferential basis to Pallavi Synthetics. The meeting of the Board of Directors of the company is scheduled to be held on December 26, 2017, to consider the same.

The company is also planning to increase borrowing limits of the company up to Rs 100 crore.

Rapid Investments is an Investment Company to Acquire, Purchase, Exchange, Underwrite, Guarantee, Subscribe, Hold, Sell, Hypothecate and deal in Shares, Stocks, Debentures, Debenture Stocks, Bonds, Obligations and Securities Issued. Rapid Investments also act as Financiers, Investors and Finance Broker.

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