The board of Evinix Accessories has accorded for further issue of equity shares of the company by way of domestic / international offering through GDRs / ADRs / Right Issue / FCCBs upto aggregate amount of Rs 88 crore or its equivalent in one or more currencies, inclusive of share premium, if any.Further, the board has accorded for issuing FCCB convertible into equity shares, upto an aggregate amount not exceeding Rs 48 crore or its equivalent in one or more currencies, for possible acquisition opportunities that the company may wish to pursue.
This was accorded at the board meeting held on 26 November 2007.
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