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Industrial Investment Trust gets nod to raise Rs 50 crore through various modes

14 Aug 2018 Evaluate

Industrial Investment Trust has received approval for raising funds upto a limit of Rs 50 crore through issuance of equity shares and/or other convertible securities including debentures by way of Preferential Allotment / QIP / Rights Issue.

The meeting of the Board of Directors of the company held on August 13, 2018 approved the same.

Industrial Investment Trust is an investment company with a long-term view of its portfolio. The investment portfolio is well diversified and it also trades in futures and options.

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