The Board of Directors of Bombay Rayon Fashions Ltd at its meeting has considered and approved to increase authorised share capital of the Company from Rs1.2bn to Rs1.5bn by creation of new equity shares.
Issue in one or more foreign markets or domestic markets, equity shares and/or instruments convertible into or linked to equity shares, optionally or otherwise, including but not limited to Global Depository Receipts (GDR's)/American Depository Receipts (ADR's)/Foreign Currency Convertible Bonds (FCCB's)/Qualified Institutional Placement or any combination thereof (hereinafter referred to as "Securities") for an aggregate sum upto Rs5bn (inclusive of such premium as may be determined) with or without green shoe option to one or more class of investors through Public Issue(s), Private Placements), Preferential issue(s) or combination thereof.
Issue of 1,00,00,000 Optionally Convertible Warrants to the promoters/ promoter group convertible into equivalent number equity shares in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 for Preferential Issues.