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Thursday, January 05, 2006

Sree Sakthi Paper Plans to raise Rs 25cr from IPO

Sree Sakthi Paper Mills is coming out with an IPO of 83 lakh shares. MD at Sree Sakthi Paper Mills, S Rajkumar says that the company is planning to raise around Rs 25 crore.

The money will be used for a capacity increase by 100 tonnes. The company is also looking at a co-generation project for reducing costs and for repaying high cost debt

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