AUROBINDO PHARMA LTD. - Outcome of Board Meeting
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| 11 Dec 2014 | |
| With reference to the earlier announcement dated November 25, 2014, wherein the Company informed that the Board of Directors of the Company have considered and approved raising of funds by the Company through Issue of Securities upto an amount of USD 350 Million or Rupee equivalent thereof and constitution of a Securities issue Committee,<BR><BR>Aurobindo Pharma Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 10, 2014, have resolved subject to the approval of the members of the Company in terms of the provisions of the Companies Act, 2013 and of other applicable laws, regulations etc., issuance of Equity Shares through a Qualified Institutions Placement (QIP") to Qualified Institutional Buyers (QIB) as per the SEBl (ICDR) Regulations, provided that the aggregate amount to be raised by issue of Securities shall not exceed a sum of US$ 350 million or Rupee equivalent thereof.<BR><BR>At the aforesaid meeting, it has also been decided to hold a general meeting of the members of the Company for the above purpose on January 21, 2015. | |
| View all announcements for AUROBINDO PHARMA LTD. | Source: BSE India |
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