Aksh Optifibre seeks EGM approval for issue of securities

Aksh Optifibre Ltd has announced that the Board of Directors of the Company on December 05, 2006 has passed a resolution by circulation recommending for the issue of fresh equity / ADRs / GDRs / FCCBs / Convertible Bonds, in the domestic market and / or International Offerings through Public Issue, Rights issue, Preferential issue and / or Pvt Placement with or without green shoe option to the extent of USD 30 mn with a green shoe option of USD 4.5 mn, subject to approval of shareholders to be obtained by means of Extra-Ordinary General Meeting of the shareholders of the Company to be held on January 06, 2007.

Source : Equity Bulls

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