Electronics goods maker Opto Circuits India today said its board will meet on June 3 to discuss the raising of funds through issue of securities, including ADRs and FCCBs on preferential basis.
"A meeting of the board of directors will be held on June 3 to consider the raising of funds through issue of equity shares, GDRs, ADRs, FCCBs, convertible warrants or such other securities," Opto Circuits said in a filing to the Bombay Stock Exchange.
The allotment of securities would be based on "either through preferential basis or qualified institutional placement or private placement", further said.
According to the company, during the meeting, the increase in the borrowing powers of the board of directors would also be discussed.
