Amar Remedies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2011, inter alia, transacted the following :
1.To raise an additional funds by way of issue of GDR/FCCB/QIP/NCD/CCD arid issue of Shares / Share Warrants / Debentures to the Qualified Institutional Buyers (QIB) upto of $ 60 million ($ Sixty million only)
2. to sell excess and unutilized Factory Land and Building as a part of strategic planning.
The Board of Directors has decided to obtain shareholders' approval for the 1 and 2 item mentioned above through Postal Ballot.
Sensex
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Sunday, May 08, 2011
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