Mascon Global to raise resources through GDR issue for acquisitions

Mascon Global Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 12, 2007, inter alia, to consider and approve the following;

1. Acquisition of overseas Companies / New Businesses abroad.

2. Issue of International securities by way of GDRs / ADRs / FCCBs principally to finance the cost of proposed acquisition of Companies.

3. Draft Offering Circular for issue of securities by way of GDRs and to apply for the In- Principle approval of the Stock Exchanges concerned for the proposed issue.

4. Appointment of Lead Manager, Depositary, International Counsel, Indian Counsel etc. for the Placing.

Source : Equity Bulls

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