BRIEF-Sumeet Industries approves fund raising of up to 500 mln rupees
March 31 Sumeet Industries Ltd:
* Says approved raising of funds NCDs/bonds/non-convertible redeemable preference shares to extent of INR 500 million
* Says approved increase in borrowing limits
* Approved conversion of unsecured loan of promoters and promoter group towards adjustment of their entitlement for proposed rights issue Source text for Eikon: Further company coverage: