Rasoya Proteins to raise funds

Rasoya Proteins Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 20, 2008, inter alia, to raise funds for financing the new projects by way of issuing the Foreign Currency Convertible Bonds (FCCBs) / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Qualified Institutional Placements (QIPs) to the specified persons to the tune of US $20 million subject to the approval of the Shareholders and other statutory authorities wherever applicable.

Source : Equity Bulls

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