Friday, July 4, 2008

Hikal : Outcome of Board Meeting - July 4, 2008

Hikal Ltd has informed that the Board of Directors of the Company at its meeting held on July 03, 2008, inter alia, has subject to necessary approvals and applicable provisions of law, decided to issue upto 13,60,000 Equity shares of Rs 10/- each on preferential basis to International Finance Corporation (IFC) by investing upto Rs 64.46 crores, in compliance with Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines 2000 and Companies Act, 1956.

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