Intense Technologies to raise funds

Intense Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on March 06, 2007 has considered and approved raising of Funds through the Issue of Equity Shares / Convertible Instruments / or any other Securities other than warrants through a Qualified Institutions Placement to Qualified Institutional Buyers, pursuant to Chapter XIII A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 and also through GDR’s / FCCB’s / Other Permitted Securities not exceeding 10 million US$.

The Board is planning to convene an Extra Ordinary General Meeting of the Company on the April 10, 2007, for obtaining the consent of the Shareholders.

Source : Equity Bulls

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