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| Exchange Disseminated Time | With reference to the earlier announcement dated May 03, 2010 regarding Outcome of Board Meeting, BSEL Infrastructure Realty Ltd has now submitted to BSE the Revised Outcome of Board Meeting held on May 03, 2010.
"The Board of Directors of the Company at its meeting held on May 03, 2010, subject to requisite approvals, has taken following decision:
1. The Board has decided to raise the funds not exceeding USD 125 Millions by way of QIP/GDR/ADR/FCCB and / or other securities linked to equity / preference shares and / or any other instruments or securities representing convertible securities such as NCD / PCD / Bonds / Warrants, from time to time, subject to shareholders' approval.
2. The funds will be utilised towards expansion of operations and execution of projects of the Company." |
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