OPTO CIRCUITS (INDIA) LTD. - Outcome of Board Meeting
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| 06 May 2014 | |
| Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2014, inter alia, have subject to the approval of the share holders and other necessary regulatory approvals whatever required.<br/><br/>Approved the following;<br/><br/>1. Increasing the Authorised Share Capital of the Company to Rs. 700.00 crores from present Authorised Share Capital of Rs. 300.00 crores and also to make necessary amendments in the Memorandum of Association of the Company in this regard.<br/><br/>2. To raise funds for the Company and/or for its Indian/Overseas Subsidiaries by way of issue of securities, including Global Depositary Receipts (GDRs) and or American Depository Receipts (ADRs) convertible into equity shares, 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 Indian 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 US$ 250 million (Two hundred Fifty million US Dollars). | |
| View all announcements for OPTO CIRCUITS (INDIA) LTD. | Source: BSE India |
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