LA OPALA RG LTD. - Outcome of Board Meeting (EGM on August 27, 2014)

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29 Jul 2014
La Opala RG Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2014, have decided to issue 5,02,468 Equity Shares of Rs. 10/- each at a price of Rs. 1,100/- (Rupees one thousand one hundred only) on preferential basis to WestBridge Crossover Fund, LLC subject to the consent of shareholders by passing special resolution at an Extra Ordinary General Meeting to be convened on August 27, 2014 and other necessary approvals. The purpose of raising the capital is to augment the resources of the Company for general corporate and capital expansion of both the plants, and other such purposes permitted by the applicable law and approved by the Board of Directors.
View all announcements for LA OPALA RG LTD.	Source: BSE India

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