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Lok Housing & Constructions Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on July 07, 2008, inter alia, have approved the following Resolutions:

1. To raise US $ 200 Millions from foreign market through Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Other Financial Instruments (OFIs) / Foreign Currency Convertible Bonds (FCCBs), etc.

2. To raise Rs 840 Crores from local market under Qualified Institutional Placement (Q.I.P.) mode.

Tags: Lok Housing

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