Sanwaria Agro to raise US$ 25 million through FCCBs/QIPs/GDRs

Sanwaria Agro Oils Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 17, 2006, to consider the proposal for issue of FCCBs/QIPs/GDRs (either singly or in any combination thereof) to the tune of 25 Million US$. The proposal approved in the upcoming meeting shall supercede the earlier approval given by the Board of Directors of the Company, in their meeting held on August 08, 2006, for the proposal for issue of GDRs to the tune of 25 Million US$.

Source : Equity Bulls

Keywords