Shree Ashtavinayak CoD Meeting decides to raise funds for expansion

Shree Ashtavinayak Cine Vision Ltd has announced that the Committee of Board of Directors (CoD) of the Company at its meeting held on July 25, 2007, has taken following decisions :

1. To raise fund for expansion by issue of FCCB to the extent of USD 50 million and by issue of warrants on preferential basis of the extent of USD 20 million.

2. To make provision to raise fund through QIP.

3. To convene Extra Ordinary General Meeting on August 20, 2007.

Source : Equity Bulls

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