Vyapar Industries EGM on Aug 30, 2007 to approve fund raising plans

Vyapar Industries Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 30, 2007, inter alia, to issue / offer and allot Global Depository Receipts (GDR's) / American Depository Receipts (ADR's) / EURO Convertible Bonds (ECB's), Foreign Currency Convertible Bonds (FCCB's) / Secured Premium Notes (SPN), any Securities convertible into Equity Shares whether optionally or otherwise ("Securities") for an aggregate amount not exceeding US$ 50 Million with or without a green shoe option of 10% or in Indian and or any other currency(ies) (inclusive of premium, as may be fixed on such Equity shares to Indian or Foreign Investors (whether institutions, incorporated bodies, mutual funds and / or individuals or otherwise and whether or not such investors are members of the Company) through offer documents at such time or times in such trench or trenches, at such prices, at a discount or premium to market price or prices in such manner and on such terms and conditions as the Board may decide from time to time, subject to necessary provisions & approvals.

Source : Equity Bulls

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