Godrej Industries Ltd has informed that the Board of Directors of the Company at its meeting held on July 27, 2007, has approved the following businesses for which approval of shareholders by Postal Ballot is sought:
1. Further Issue of capital under Section 81 of the Companies Act, 1956, upto a sum of US $150 million if raised in US $ or Rs 600 Crore if raised in Indian Rupee or a combination thereof.
2. To invest in securities of and / or place Intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or Investment in Verseon LLC, under Section 372A of the Companies Act, upto a sum of Rs 5 Crore.
3. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other term of debt to and / or investment in Ensemble Holdings & Finance Ltd, under Section 372A of the Companies Act, upto sum of Rs 5 Crore.
4. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or investment in Avestha Gengraine Technologies Pvt Ltd, under Section 372A of the Companies Act, 1956, upto a sum of Rs 5 Crore.
5. Change in place of keeping registers and records.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment