Compact Disc India Ltd has informed that the Board of Directors of the Company at its meeting held on April 14, 2008, has discussed and approved the following:
1. Approved In-Principal funding offers given the top foreign banks. Funding has been sanctioned at a very competitive pricing of LIBOR plus 75bps The funding amount will be sufficient to cover two international animation film projects under production by the Companys foreign arm- MediaOne Ventures Ltd., UK.
2. Approved the Corporate Restructuring Report of the Company. The Company will appoint 1 no. CEO cum President along with 6 nos. Vice President to be placed at New Delhi, Mumbai, Trivandrum. In addition 3 nos. more Vice Presidents will be appointed in the Companys foreign arm- MediaOne Ventures Ltd., UK.
3. Approved the implementation and working plans of new Animation Studio at KINFRA SEZ, Trivandrum. The first phase of the implementation plan will be completed before the end May 2008.
4. The Company will also appoint 5 nos. of highly professional and eminent persons, who will act as Strategic Advisors. The role of these Advisors is to guide the Board of Directors and participates in all its meetings.
1. Approved In-Principal funding offers given the top foreign banks. Funding has been sanctioned at a very competitive pricing of LIBOR plus 75bps The funding amount will be sufficient to cover two international animation film projects under production by the Companys foreign arm- MediaOne Ventures Ltd., UK.
2. Approved the Corporate Restructuring Report of the Company. The Company will appoint 1 no. CEO cum President along with 6 nos. Vice President to be placed at New Delhi, Mumbai, Trivandrum. In addition 3 nos. more Vice Presidents will be appointed in the Companys foreign arm- MediaOne Ventures Ltd., UK.
3. Approved the implementation and working plans of new Animation Studio at KINFRA SEZ, Trivandrum. The first phase of the implementation plan will be completed before the end May 2008.
4. The Company will also appoint 5 nos. of highly professional and eminent persons, who will act as Strategic Advisors. The role of these Advisors is to guide the Board of Directors and participates in all its meetings.
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