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Coimbatore, Jan. 3

Asian Electronics Ltd’s board of directors has decided to raise funds up to Rs 300 crore in the form of equity/debt by means of issuance of equity/convertible debt or non convertible instruments such as equity share, preferential equity, GDR, ADRs, optionally fully convertible instruments, FCCB, QIP and/or any other instruments or combination of any similar instruments as may be advised by the merchant bankers and in compliance with guidelines issued in this regard b y the SEBI and provisions of the Companies Act. —

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Asian Electronics to raise Rs 300 cr

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