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| Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2010, inter alia, has decided to issue equity shares up to Rs. 75 Crores under Qualified Institutions Placement (QIP) at a price including premium as per SEBI guidelines, subject to approval of Shareholders in the Extra-ordinary General Meeting to be held on June 28, 2010 for redemption of preference shares and other purpose.
The Board has further decided to enter into Memorandum of Understanding with GVR Infra Projects Ltd., Chennai, for investment in infrastructure projects. |
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