Saturday, February 23, 2008

Aarti Drugs - Outcome Of Board Meeting

Aarti Drugs Ltd has informed that the Board of Directors of the Company at its meeting held on February 22, 2008, inter alia, has taken the following decision:

To issue / offer securities like Foreign Currency Convertible Bonds (FCCBs) and / or Equity Shares (through Depository Receipt Mechanism) and / or Equity Shares and / or Depository Receipts (DRs) and / or any other Financial Instruments (OFIs) in foreign market or otherwise of an amount not exceeding USD 7 Millions (US Dollars Seven Millions only) to raise funds for the purpose of the Company.

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