Ennore Foundries to consider fund raising proposal

Ennore Foundries Ltd has announced that the Board of Directors of the Company at its meeting held on December 06, 2007, as part of the funding plans for the business requirements, has approved the proposal for raising of further capital by issue of equity shares and / or equity shares in the form of Global Depository Receipts (GDRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or securities convertible into equity shares and / or securities linked to equity shares and / or securities with or without detachable share warrants, and / or bonds with share warrants attached secured or unsecured on private placement basis or otherwise for an amount upto Rs 100 crores or its foreign currency equivalent, including the premium on the shares, at a price to be determined and subject to the approval of the shareholders and other statutory authorities as may be required.

Source : Equity Bulls

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