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Safari Industries gets nod to raise Rs 100 crore

13 May 2019 Evaluate

Safari Industries’ (India) board has approved funds raising by issue of equity shares of face value of Rs 2 each through Qualified Institutions Placement for an aggregate amount not exceeding Rs 100 crore. The Board of directors of the company at its meeting held on May 13, 2019 has approved for the same.

Safari Industries (India) is engaged in the manufacture of injection-moulded plastic articles and vacuum-formed plastic articles.

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