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Board approved increase in authorized capital to Rs 2,000 Cr, change in object clause to AI, healthcare, EV distribution, and marketing, preferential issue of 130 Cr equity shares at Rs 5 aggregating Rs 650 Cr to non-promoter investors, and relocation of registered office from Mumbai to Delhi.
Amalgamated Electricity Approves ₹650 Crore Preferential Issue At Par
Amalgamated Electricity Approves Revival Plan, Proposes Aradhana Kurup As Managing Director