Gulshan Polyols to raise US$ 30 Million

Gulshan Polyols Ltd has announced that the Board of Directors of the Company at its meeting held on June 21, 2008, inter alia, has considered and approved the issuance of Foreign Currency Convertible Bonds (FCCB's) / Global Depository Receipts (GDR's) / American Depository Receipts (ADR's) to the extent of $ US 30 Millions.

For the issuance of FCCB's / GDR's / ADR's the Board has also decided and fix the date of Extra Ordinary General Meeting on July 16, 2008 for the approval of the Share Holders for the said purpose.

Source : Equity Bulls

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