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Our Bureau

New Delhi , Oct. 26

TEXTILE firm Spentex Industries plans to raise Rs 81 crore through preferential allotment of equity shares to Citigroup Venture Capital International Growth Partnership Mauritius Ltd (CVCI) and the promoters of the company. CVCI will hold around 30 per cent stake in Spentex after the preferential allotment, a company statement said.

Of the Rs 81 crore, CVCI will contribute Rs 70 croreand the rest would come from the promoters, it added. The capital raised would be used to expand capacities in the yarn-manufacturing sector.

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