Radha Madhav to issue securities through QIP / FCCB

Radha Madhav Corporation Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 28, 2006, inter alia, to consider the following:

1. To consider alternate means of funding including warrants and QIP along with the proposed FCCB of USD 10 Million.

2. To finalize merchant bankers for FCCB and QIP.

3. To review the development of pharmaceutical packaging project and performance of Unit I, II, III & IV.

Source : Equity Bulls

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