Platinum Corporation Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 15, 2008, inter alia, have discussed / approved the following:
1. Increase the Authorised Share Capital of the Company from Rs 12 Crores to Rs 32 Crores divided in to 32 Crores Equity Shares of Re 1 each and consequential amendments in the Memorandum & Articles of Association of the Company.
2. Authorizing the Board to raise the funds through further issue of shares through various available options i.e. by way of GDRs, FCCBs, and/or Equity Shares through QIPs upto an amount not exceeding Rs 6500.00 lacs in terms of various applicable provisions of the law.
3. Increase the limit of investment by FIIs from 24% to 74% of Paid up Equity Capital of the Company.
1. Increase the Authorised Share Capital of the Company from Rs 12 Crores to Rs 32 Crores divided in to 32 Crores Equity Shares of Re 1 each and consequential amendments in the Memorandum & Articles of Association of the Company.
2. Authorizing the Board to raise the funds through further issue of shares through various available options i.e. by way of GDRs, FCCBs, and/or Equity Shares through QIPs upto an amount not exceeding Rs 6500.00 lacs in terms of various applicable provisions of the law.
3. Increase the limit of investment by FIIs from 24% to 74% of Paid up Equity Capital of the Company.
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