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The board of Himachal Futuristic Communications will meet on Saturday to consider fund-raising plans. The mode could be issue of equity shares, GDR/ ADR/ FCCB, convertible preference shares through one or more public/private offerings, QIP or on preferential allotment basis. The board will also approve warrants convertible into equity shares on preferential basis to promoters/non-promoters. Investors will closely track the quantum and mode of fund-raising.
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