Madhav Marbles to raise US$15 Million through overseas issue

Madhav Marbles & Granites Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2007, inter alia, has considered and approved an issuance of Global Depository Receipts (GDRs) / Foreign Currency Convertible Bonds (FCCBs) / or any other form of receipts or instruments or securities convertible into equity shares in the international markets upto USD 15 millions or equivalent thereof, subject to necessary permissions, sanctions, approvals and applicable provisions of law.

Source : Equity Bulls

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