Anant Raj Industries Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter ended September 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on October 28, 2009) that: "The funds raised by the Company, through preferential allotment to FIIs and issue of Global Depository Receipts (GDRs), have been and are being deployed, in Companys ongoing projects relating to the construction of IT Parks, and projects relating to Hospitality sector and surplus funds pending utilization have been placed as FDRs with banks".
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