Chennai, June 12: Ramco Systems, a provider of personalised enterprise solutions, has decided to raise Rs 75 crore by issue of fully or partially convertible debentures, equity shares or in any other manner. A decision to this effect was taken at a board meeting of the company, headquartered in Chennai.
A press release from the company said here that the board also decided to constitute and empower its committee to decide about the size and timing of the issue, basis of offer, premium, instrument and other modalities of such issue.
Established in 1989, Ramco Systems is part of the Ramco group, one of India's top organisations, in business for 63 years. With 1400 employees, it serves 1000 customer sites in 70 industry segments worldwide.
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