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The Chennai-based software company SSI Ltd has decided to raise $50 million through the issue of equity shares/convertible securities to enhance the capabilities in the software services business.
The SSI's board, which met on Wednesday, took this decision and resolved to access the domestic and international markets in the next few months.
The board resolved to enable the issuance of additional equity shares/convertible securities for an amount not exceeding $50 million towards acquisition within and outside India, a SSI press release said in Chennai.