Asahi Infrastructure to raise US$ 25 Million

Asahi Infrastructure & Projects Ltd has announced that the Board of Directors of the Company at its meeting held on December 28, 2007, has approved the proposal of issue Global Depository Receipts not exceeding USD 25 million subject to necessary statutory compliances.

The Board also approved the proposal of increase of authorized capital from 4,00,00,000.00 to 50,00,00,000.00.

The Board also convened the EGM held on January 28, 2008.

Source : Equity Bulls

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