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| Exchange Disseminated Time | BPL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 26, 2008, inter alia, has approved:
1. Preferential issue of 24,25,500 equity shares and / or instruments convertible into equity shares at a later date to Deutsche Bank AG and / or their Affiliates, subject to the approval of shareholders and
2. Issue of securities on Qualified Institutional Placement (QIP) basis, subject to the approval of shareholders.
Further the Company has informed that, the Board has further authorised the increase of authorised share capital and holding an Extra Ordinary General Meeting of the Company, to seek members approval for the above proposals. |
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