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The board of Hinduja Foundries will meet on Monday to consider the issue price of its Global Depository Receipts. The GDR issue is currently open for subscription. Through the issue, it plans to raise ₹400 crore. The board had earlier approved the issue of GDRs to promoters, promoter group companies and any other entity which is a subsidiary, associate of its parent, group companies or any other entity eligible to invest in GDR.
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