Cat Technologies approves GDR Issue

Cat Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on July 27, 2007, has considered and approved the following:

1. Approved the Placing Agreement, Deposit Agreement and the Esrow Agreement in respect of GDR issue.

2. Approved the offering circular filed at the Luxembourg Stock Exchange.

3. Allotted 25,826,088 Equity Shares of Rs 10/- each underlying 4,304,348 GDR's Issued in the name of Depository i.e. Deutsche Bank Trust Company Americas.

Source : Equity Bulls

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