Rain Commodities Board to discuss restructuring

Rain Commodities Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 20, 2006, inter alia, to consider the following:

1. To approve raising of funds through Qualified Institutions Placement (QIP) / Preferential Issue of Equity Shares / Securities convertible into Equity Shares / Equity Warrants convertible into Equity Shares; and

2. To discuss the options for Corporate Restructuring of the Company and Associate Company, Rain Calcining Ltd.

Source : Equity Bulls

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