Empower Industries India Ltd has informed that the Board of Directors of the Company at its meeting held on August 21, 2007, inter alia, has approved the following:
1. Authorised Capital be increased to accommodate raising of funds for further Expansion / Diversification / Acquisition plans in diverse fields of technology, and related aspects of Energy infrastructure development.
2. The Company has decided to raise funds upto US $ 122 million for the Expansion / Diversification / Acquisition plans via FCD / FCCB / Preferential / GDRs / Rights Offer.
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