Fedders Lloyd EGM on Nov 15, 2006 to raise funds

Fedders Lloyd Corporation Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 15, 2006 to issue, offer and allot, in domestic / international offerings any securities including Global Depository Receipts and / or American Depository Receipts / Foreign Currency Convertible Bonds and / or Bonds with attached share warrants convertible into equity shares, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into equity shares / preference shares (securities), upto an aggregate amount not exceeding Rs 300/- crores (including greenshoe option, if any) or equivalent whether in Indian Currency or foreign currency, inclusive of such premium as may be fixed on such securities by offering such securities in one or more countries, subject to necessary Provisions & approvals.

Source : Equity Bulls

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