| Business Line - 27th Jan 2004 The board
of directors of Goldstone Technology Ltd has approved the hike in authorised capital from
Rs 25 crore to Rs 30 crore and allotment of 61,50,000 equity shares/warrants of Rs 29 each
on a preferential basis.
Alongside this, the board has also recently passed an enabling
resolution that will seek to empower the company to raise up to $15 million through
ADRs/GDRs. The decision to adopt the ADR/GDR route was taken as they offer greater
liquidity for the foreign investors as compared to other instruments with lock in period,
according to company.
The board of directors, in a note to the BSE, stated that it would
convene an extraordinary general meeting on February 23, to seek the shareholders' nod for
these decisions that will help part-fund its expansion drive.
More news
|
