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Wednesday, September 24, 2008

Silverline Technologies to raise funds

The members of Silverline Technologies have accorded the board to create, offer, issue and allot domestic / international offering to domestic / foreign investors / institutional investors / FIIs, members, employees through a public issue, rights issue preferential issue / private placement / equity shares through GDRs / ADRs / FCCBs / any securities convertible into equity shares at the option of the company for an amount not exceeding US$ 10 million.

The members have accorded the board to create, offer, issue and allot domestic / international offering to domestic / foreign investors / institutional investors / FIIs, members, employees through a public issue, rights issue preferential issue / private placement / equity shares through GDRs / ADRs / FCCBs / any securities convertible into equity shares at the option of the company for an amount not exceeding US$ 50 million.

This was accorded at the extraordinary general meeting held on 22 September 2008.

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