New Delhi, Aug 28 (PTI) Birla Tyres on Friday said its board has approved raising up to Rs 1,100 crore.

The company's board has approved a fund raising plan of an amount aggregating up to Rs 1,100 crore, Birla Tyres said in a regulatory filing.

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A committee of the Board is constituted, which shall look into and decide and formulate further details of the exercise, it added.

The Kolkata-based firm, which caters to two-wheelers, three-wheelers and commercial vehicles, however, did not share the reasons for raising the capital.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)