At meeting held on 17 May 2014
BF Utilities announced that the Board of Directors of the Company at its meeting held on 17 May 2014, has decided to raise long term funds by way of issue of securities on Rights Issue basis, Preferential Allotment basis, Qualified Institutional Placement (QIP) basis or such other form as may be permissible under law for an amount upto Rs 500 crore.The Board has also decided to call an Extra Ordinary General Meeting of shareholders on 30 June 2014 to consider and approve raising of the funds by issue of the above said securities.
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