Diamond Cables Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 22, 2008, have discussed and approved unanimously the following:
1. Issue of securities in Domestic / International offerings including Global Depository Receipts (GDRs) / American Depository Systems (ADRs) / Foreign Currency Convertible Bonds (FCCBs) and / or Global Depository Receipts and / or American Depository Receipts / Qualified Institutional Placement (QIP) upto an amount of Rs 250 Crores with an option to retain upto 50% over subscription (including green shoe option, if any) or its equivalent, of incremental funds for the Company, subject to such terms and conditions as may be finalized and approved by the Board of Directors of the Company / its committee and all other necessary approvals.
2. Empowering the Board to enter into any arrangement with any agency / intermediaries or body for issue of any of the above securities.
3. Empowering the Board to determine and forms of the issue and also to issue and allot equity shares upon conversion of any of the above securities / depository receipts or certificates.
1. Issue of securities in Domestic / International offerings including Global Depository Receipts (GDRs) / American Depository Systems (ADRs) / Foreign Currency Convertible Bonds (FCCBs) and / or Global Depository Receipts and / or American Depository Receipts / Qualified Institutional Placement (QIP) upto an amount of Rs 250 Crores with an option to retain upto 50% over subscription (including green shoe option, if any) or its equivalent, of incremental funds for the Company, subject to such terms and conditions as may be finalized and approved by the Board of Directors of the Company / its committee and all other necessary approvals.
2. Empowering the Board to enter into any arrangement with any agency / intermediaries or body for issue of any of the above securities.
3. Empowering the Board to determine and forms of the issue and also to issue and allot equity shares upon conversion of any of the above securities / depository receipts or certificates.
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