Anil Products Ltd has informed that the Board of Directors of the Company at its meeting held on December 23, 2008 has discussed the fund raising plans of the Company. Board authorised the Managing director to evaluate various options of fundraising including Equity Shares, Depository Receipts, Foreign Currency Convertible Bonds, Convertible Bonds, Euro-Convertible Bonds/Shares/Debentures/Equity Shares, Preference Shares whether Cumulative/Redeemable/Partly convertible/convertible into Equity Shares and/or any instruments convertible into Equity Shares or securities with or without detachable warrants through Prospectus, Offering Letter, Circular to existing shareholders, Foreign or Domestic investors, Non-residents, Foreign Institutional Investors/Foreign Companies/NRI(s)/Foreign National(s)/Private Equity Investors(s)/Strategic Investor(s) or such other entities or persons as may be decided by the Managing Director in consultation with the Board through right issue/ private placement basis and/or Preferential Allotment basis or otherwise.
Board also authorised the Managing Director:To examine in depth all the relevant issues including statutory and legal requirements for the purpose. To appoint Merchant Bankers, Legal Consultants, Advisors, he may deem fit, for the
purpose.
Board also authorised the Managing Director:To examine in depth all the relevant issues including statutory and legal requirements for the purpose. To appoint Merchant Bankers, Legal Consultants, Advisors, he may deem fit, for the
purpose.
