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Pitti Laminations to issue shares and warrants

CHENNAI: Pitti Laminations will offer 15.90 lakh equity shares of Rs. 10 each at a premium of Rs. 62 on a preferential basis and also issue 4.10 lakh warrants at the same price. According to Sharad S. Pitti, Chairman and Managing Director, the fund raising programme was being undertaken to finance the expansion and modernisation programme for increasing the total capacity to 25,000 tonnes.

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