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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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15th May 2010
OUTCOME OF THE BOARD MEETING 15.05.2010

Board of Directors in its meeting held on 15.05.2010 has approved the following matters: 1. Issue of US$5 million, Zero Coupon Unsecured Foreign Currency Convertible Bonds (subject to an Option to issue an additional US$10 million of such bonds) in the International Market and authorized the Committee of the Board to do all acts including to fix the date of opening and closing of the issue of abovesaid securities. 2. Increase in the authorized share capital of the Company from 35 crore to 45 crore, subject to the approval of shareholders.






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