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The board of directors of Astec Lifesciences will meet on December 19 to consider a proposal to allot ₹10 crore worth equity shares on preferential basis to select persons/ entities. The board meet will also consider hiking of borrowing limits and creation of charges on the assets of the company. Shares of Astec Lifesciences closed at ₹107.20, down 1.47 per cent on the NSE.
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