Glory Polyfilms to revise price for its overseas issue

Glory Polyfilms Ltd has announced that the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, has decided to approve revision of issue price, due to adverse situation in global capital market, of ADRs / GDRs / FCCBs / other Securities for an aggregate amount not exceeding US$ 25.00 million in accordance with SEBI (DIP) Guidelines and in principal approval granted by the Stock Exchange(s) subject to the approval of the shareholders in the Annual General Meeting.

Source : Equity Bulls

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