GV Films Board approves FCCB issue of Euro 9 million

GV Films Ltd has announced that the Board of Directors of the Company at its meeting held on October 23, 2006, has considered and approved FCCB Issue i.e. Euro 9 million in aggregate principle amount of Zero Coupon convertible bonds due 2012, partly paid with 34% of the amount payable immediately.

The proceeds of the issue shall be utilized for capital expenditure of the GV STUDIO CITY projects.

Source : Equity Bulls

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