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Sundaram Multi Pap has informed the exchanges that its board on Monday raised ₹12.30 crore through qualified institutional placement. In a notifucation to the stock exchanges, the company said that board has approved the allotment of 3 crore equity shares of face value of ₹1 each to the qualified institutional buyers at the issue price of ₹4.10 a share. The stock of Sundaram Multi Pap closed flat at ₹4.05 on the NSE.
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