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Himatsingka Seide raises $60 m

MUMBAI: Himatsingka Seide, a textile design and manufacturing company, has raised $60 million by way of global depository receipts (GDRs). It raised the amount by allotting over 2.09 crore equity shares underlying the GDRs issued at $2.862 a GDR, the Bangalore-based company informed the stock exchange. Each GDR represents one underlying equity share of Rs. 5 each.

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