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CERTIFICATE

I, MR. Anil Navani, hereby certify that Mr. Nitin. M. Thawani of C.H.M. College of T.Y.BMS (Sem- 5) has completed the project on Overseas Fund Raising Through ADR\GDR & FCCB Issues By Indian Corporates in the year 2005-06, and the information submitted is true & original to the best of my knowledge.

Signature of Principal Project Co-ordinator

Signature of

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