The Board of Directors of Sagar Cements in their meeting held today has approved the issuance of 13207548 equity shares of face value of Rs 2 each at an issue price of Rs265 per share on a preferential basis to PI Opportunities Fund PIOF an affiliate of Premji Invest an investment arm of Azim Premjis endowment and philanthropic initiatives which has been active in investing in the Indian capital market for over fifteen years with a large investment corpus
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