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Escorts to issue preference shares

NEW DELHI: Escorts on Thursday announced its financial restructuring strategy under which it would offer preference shares to non-resident investors and increase its authorised share capital. The company will restructure its authorised share capital by way of consolidation of existing unclassified shares of Rs. 333 crores and increase by creating further unclassified shares up to an amount of Rs. 440 crores, Escorts informed the BSE. — PTI

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