The board of Rasoya Proteins in its meeting on 12 August 2010 has approved to raise funds upto US$ 50 million by way of issue of shares through Foreign Currency Convertible Bonds (FCCB)/Global Depository Receipts (GDRs)/American Depository Receipts (ADRs)/ Secured Premium Notes (SPN).
The board has approved to issue 1 crore equity share warrants to the promoters and to persons other than promoters on preferential basis.
The board has approved to increase the authorised share capital of the company from Rs. 35 crore to Rs. 70 crore.
Further, the board has decided to convene extraordinary general meeting on 06 September 2010.