Prime Focus Ltd has informed that the Committee Meeting of the Company held on August 30, 2007, the Committee constituted by the Board of Directors took the following decision:
To raise funds by issue via Placement to Qualified Institutional Buyers (QIB) / ADR /GDR / FCCB and / or any other Convertible instrument(s), and also preferential allotment of shares, or warrants or other convertible instruments to the extent of USD 55 million and to raise funds by way of ECB or any other debt structure, to the extent of USD 30 million subject to the approval of shareholders at the Annual General Meeting to be held on September 28, 2007, and subject to compliance with applicable law.
Source : www.indian-commodity.com
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