Silverline Technologies EGM on Aug 11, 2007 to approve fund raising proposal

Silverline Technologies Ltd has announced that an Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on August 11, 2007, inter alia, to issue, offer and allot, in domestic / international offering any securities including Global Depository Receipts and / or American Depository Receipts convertible at the option of the Company and / or any instrument representing convertible securities such as foreign currency convertible bonds Foreign Currency, (FCCBs), convertible into equity shares / preference shares ("Securities"), to be subscribed by Foreign investors / institutions and / or corporate bodies, mutual funds, banks, insurance Companies, trusts and / or individual whether or not such person / entities / investors are Member of the Company, whether in Indian currency such issue and allotment shall be made at such time or times in one or more tranche or tranches, at par or at such price or prices and on such terms and conditions as the Board may, in its absolute discretion thinks fit, in consultation with the Lead Managers, underwriters, Advisors or other intermediaries; provided however that the amount to be raised through issue of securities not exceeding US$ 30 Million, subject to necessary provisions & approvals.

Source : Equity Bulls

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