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| Exchange Disseminated Time | Refex Refrigerants Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 09, 2008, have approved the following subject matters:
1. Preferential Allotment of 2,75,000 Equity Shares of Rs 10/- each fully paid up to Television Eighteen India Ltd including their Associates and Affiliates at an Issue price of Rs 200 per Equity Share (Including a premium of Rs 190 per Share).
2. Raising funds in the form of Foreign Exchange by Issue of Foreign Currency Convertible Bonds / Global Depository Receipts for an aggregate value not exceeding Rs 200 crores.
3. Increase the Borrowing powers of the Company from the present limit of Rs 100 crores to Rs 500 crores. |
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