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Euro Ceramics to raise up to $100 mln

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MUMBAI (Reuters) - Vitrified tiles maker Euro ceramics Ltd said on Thursday its board has approved raising up to $100 million through issue of securities overseas.

The company also plans to raise $15 million through a preferential issue to Malabar Wasserstein Special Opportunity Fund, it said in a statement.

The foreign fund limit is also proposed to be raised up to 49 percent of its capital, it added.

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