Held on 14 July 2014
Rainbow Papers announced that at the Extra Ordinary General Meeting (EGM) of the Company held on 14 July 2014, members approved and accorded consent to the Board of Directors on the following -To raise funds up to Rs 1000 crore.
To increase authorised share capital of the Company from Rs 35 crore to Rs 45 crore.
To borrow funds up to Rs 3000 crore.
To mortgage/ hypothecate properties/ assets of the Company as required.
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