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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 31, 2009, inter alia, has accorded approval for the following:
1. Raising of funds by way of issue of 63,10,000 equity shares of Rs. 10/- each to Bain Capital India Investments and / or its affiliates at a price of Rs. 400/- per share on preferential basis;
2. Convening of an Extra Ordinary General Meeting of the Shareholders of the Company on January 29, 2010 for obtaining the approval of the Shareholders in terms of Section 81(1A) of the Companies Act, 1956 for the above referred matter and incidental matters. |
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