Rasoya Proteins Ltd has informed that the Board of Directors of the Company at its meeting held on March 20, 2008, has decided the following:
1. To raise funds for financing the new projects by way of issuing the Foreign Currency Convertible Bonds (FCCBs) / Global Depository receipts (GDRs) / American Depository Receipts (ADRs) / Qualified Institutional Placements (QIPs) to the specified persons to the tune of US $20 million subject to the approval of the Shareholders and other statutory authorities wherever applicable.
2. To call for an Extraordinary General Meeting of the members of the Company on April 15, 2008 to seek members approval on item number (1) mentioned above.
1. To raise funds for financing the new projects by way of issuing the Foreign Currency Convertible Bonds (FCCBs) / Global Depository receipts (GDRs) / American Depository Receipts (ADRs) / Qualified Institutional Placements (QIPs) to the specified persons to the tune of US $20 million subject to the approval of the Shareholders and other statutory authorities wherever applicable.
2. To call for an Extraordinary General Meeting of the members of the Company on April 15, 2008 to seek members approval on item number (1) mentioned above.
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