Financial Daily from THE HINDU group of publications
Thursday, Nov 03, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 03, 2005 |
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Info-Tech
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Announcements Indus Networks to hike share capital Our Bureau
Hyderabad , Nov. 2 INDUS Networks Ltd has informed the Bombay Stock Exchange that the shareholders have approved an increase of the authorised share capital from Rs 10 crore divided into one crore equity shares of Rs 10 each to Rs 25 crore divided into 2.5 crore equity shares of Rs 10 each by further creation of 1.5 crore equity shares. The board has been authorised to create a mortgage on the assets of the company to secure the borrowings of the company subject to necessary approvals and provisions. As a part of these initiatives, the company has been authorised to issue 43,33,333 equity shares of Rs 10 each in its share capital. In addition, the board has been authorised to offer foreign currency convertible bonds or any other securities up to a sum not exceeding $7 million (about Rs 31.5 crore), subject to necessary approvals and provisions.
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