Moser Baer India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 11, 2010, has decided, subject to necessary approvals, to raise funds through equity or equity linked instruments for the Company''s growth plans. Further the Board has decided that, subject to the approval of shareholders of the Company and such other approvals as may be required to be obtained in this regard the Company may issue equity shares or equity linked instruments to qualified institutional buyers or FCCBs/GDRs/ADRs or equity shares through the depository receipts mechanism and / or other financial instruments convertible into or linked to equity shares for a value not exceeding US Dollars 100 million.
Source: BSECourtesy moneycontrol.com
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