Bombay Rayon Board to consider preferential issue

Bombay Rayon Fashions Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 07, 2006, inter alia, to consider and approve the following:

1. Issue of Warrants convertible into equity shares in accordance with the SEBI Guidelines for Preferential Issue.

2. Issue of Equity / Equity linked instruments including convertible bonds in Indian Rupees or foreign currency to Individuals, Foreign Institutional Investors (FIIs), Non - resident Indians and / or to Qualified Institutional Buyers in accordance with SEBI Guidelines for Qualified Institutions Placement (QIP).

Source : Equity Bulls

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