The board of Sterlite Projects has approved to increase the authorized share capital of the company to Rs 15 crore divided into 1,50,00,000 equity shares of Rs 10 each.The board has approved to issue 1,38,87,900 fresh equity shares on preferential basis at par.The board has approved the proposal relating to the borrowing of the funds to the extent of Rs 100 crore.Further, the board has decided to convene extraordinarygeneral meeting on 17 December 2008.
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