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The board of HCL Infosystems has provided its approval to a plan of raising up to Rs 500 crore from its existing shareholders.
The company has said in a BSE filing that its board has approved in a meeting the recommendations of its capital raising committee to go for a rights issue of shares to existing shareholders “as a mode of raising equity capital aggregating up to Rs 500 crore.”
HCL Infosystems, during last week, said that it will distribute Apple products, including the iconic iPhone, in the Indian market.
