Board of Astra Microwave Products approves fund raising up to Rs 170 crore

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Capital Market
Last Updated : Apr 06 2015 | 12:01 AM IST

At meeting held on 02 April 2015

Astra Microwave Products announced that the Board of Directors of the Company at its meeting held on 02 April 2015, has approved the following matters subject to the approval of the shareholders by way of postal ballot.

1. Approved fund raising not exceeding Rs.170 crore or its equivalent of any other Foreign / Indian currencies by way of issue of securities by way of QIP/FCCBs/NCDs/NCDs with warrants / other modes in accordance with the SEBI guidelines and subject to necessary approvals from statutory authorities as may be required.

2. Appointment of Ganapathi Subramani Sabarinathan as an Independent Director.

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First Published: Apr 04 2015 | 11:17 AM IST

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