Jaipan Industries EGM on Nov 08, 2008 to approve bonus issue, fund raising proposal

Jaipan Industries Ltd has announced that an Extra Ordinary General Meeting (EGM) of the shareholders of the Company will be held on November 08, 2008, to consider and approve the issue of Bonus shares in the ratio of one Equity share for every Two Equity Shares held.

To approve the Issue of Global Depository / American Depository Receipts, Foreign Currency Convertible Bonds for an aggregate amount up to USD 25 million in one or more tranches subject to the approval of Shareholders and other concerned authorities.

Source : Equity Bulls

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