Electrotherm India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 28, 2008, have approved the following:
1.To raise funds through Qualified Institutions Placement (QIP) for an aggregate sum not exceeding Rs 300 Crores.
1.To raise funds through Qualified Institutions Placement (QIP) for an aggregate sum not exceeding Rs 300 Crores.
2.To raise funds through Preferential Allotment of Equity Shares for an amount not exceeding Rs 82 Crores.
3. To increase Borrowing limits upto a sum of Rs 2500 Crores.
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