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| Nse Corporate Announcements | Back |
| United Spirits Limited - Outcome of Board Meeting | |
| United Spirits Limited has informed the Exchange that at the Board Meeting held on December 21, 2011, the Board of Directors have considered and approved the following : (1) Raising of funds through issue of Foreign Currency Convertible Bonds (FCCBs) for an aggregate sum not exceeding US $ 225 million, subject to the approval of the shareholders and such other regulatory approvals as may be required; (2) To convene an Extra-ordinary General Meeting of the shareholders of the Company on January 20, 2012, to seek their approval for the aforesaid issue of FCCBs. The net proceeds of the issue are intended primarily to retire high cost debt and for other expenditures as permitted under the prevailing guidelines in this regard. Further, the Company has submitted to the Exchange a copy of press release in this regard. |
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