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| Exchange Disseminated Time | Gujarat Fluorochemicals Ltd has informed BSE that the Board of Directors of the Company's subsidiary Inox Wind Limited, has informed Gujarat Fluorochemicals Limited ("Company") that they have constituted a committee of directors to evaluate and give recommendations on alternatives for raising capital by any permissible modes. The final decision will be taken by the board of directors of Inox Wind Limited at an appropriate time and there can be no assurance of any capital raising and listing even upon receiving recommendation from the Committee of Directors unless deemed appropriate by the board of Inox Wind Limited considering the prevailing market conditions and other relevant factors.
The Board of Directors of the Company by a circular resolution dated May 01, 2013 has inter alia transacted the following business:
The Board of Directors of the Company has constituted a committee of directors to consider and finalize its participation, if any, in the proposed capital raising initiatives and the terms and conditions of such participation and for matters incidental thereto. |
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