GS Auto to consider raising up to 500 mln rupees

Newswire

MUMBAI, Aug 26 (Reuters) - GS Auto International on Tuesday said its board will meet on Aug 30 to consider raising up to 500 million rupees for expansion plans including setting up of a new manufacturing unit. The amount will be raised through means such as issue of securities, qualified institutional placements and global depository receipts, it said. (Reporting by Aniruddha Basu; Editing by Prem Udayabhanu)

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