Saturday, July 5, 2008

Birla Precision : Outcome of Board Meeting - July 5, 2008

Birla Precision Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on July 04, 2008, has approved the following:

1. Raising of further funds to the extent of Rs 150 crores by way of FCCB / ADR / GDR / QIP, etc.

2. Increase in limits for FII investment to 74%.The approval of the members for the aforesaid matters will be taken in the ensuing Annual General Meeting.

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