Videocon Industries EGM approves issue of securites

Videocon Industries Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 18, 2006 have passed a Special Resolution authorizing the Board of Directors of the Company to issue, offer and allot equity shares or securities other than warrants which are convertible into or exchangeable with equity shares under Qualified Institutional Placement i.e., QIP Guidelines, for an amount not exceeding INR 1,500 Crores.

Source : Equity Bulls

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