Sahara One Media to raise US$ 50 million

Sahara One Media & Entertainment Ltd has announced that the Board of Directors of the Company at its meeting held on March 16, 2007 has in-principle approved raising of resources upto USD 50 million (including USD 20 million approved by the Board on February 19, 2007) through Foreign Currency Convertible Bonds (FCCBs).

Source : Equity Bulls

Keywords