Outcome of Board Meeting

Jindal Cotex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2011, inter alia, have approved the following:

- To raise funds/capital for the Company, by way of issue of equity shares/securities, including Global Depositary Receipts (GDR5) and/or American Depositary Receipts (ADR5) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), Qualified Institutions Placement (QIP) under Chapter VIII of the SEBI ICDR Regulations or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, in one or more tranches, in domestic or Foreign Market(s) as applicable, whether optionally or otherwise or any combination thereof (hereinafter referred to as Securities) up to an aggregate amount not exceeding Rs. 200.00 Crores (Rs. Two Hundred Crores) only or any equivalent thereof in foreign currency, subject to the approval of the members and other necessary regulatory approvals etc.

Source : BSE - >www.bseindia.com

Published on August 18, 2011
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