Business Daily from THE HINDU group of publications
Sunday, Jan 20, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Jan 20, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Overseas Borrowings Jyoti Structures to issue FCCBs Coimbatore, Jan. 19 Jyoti Structures Ltd has said that its board of directors, at its meeting held on Friday, has decided to issue 76,05,000 equity shares of Rs 2 each for cash at a price to be determined in accordance with the SEBI (DIP) Guidelines on a preferential basis to foreign investors including foreign institutional investors. The board also approved issue of 42,00,000 convertible warrants on preferential basis to promoters and friends and relatives of the promoters and issue of fore ign convertible currency bonds (FCCBs) for a value up to $25 million through private placement basis. An EGM of the shareholders will be held on February 20 to approve the decisions. — Our Bureau More Stories on : Overseas Borrowings | Engineering
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