Indo Asian Fusegear Board approves fund raising proposal

Indo Asian Fusegear Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has considered and approved the proposal for raising of funds from domestic / international markets through private placement of issue / offer and allotment of equity shares / FCDs / PCDs / CDs / FCCBs / ADSs / GDSs and or other securities upto USD 50 million, which is subject to approval of shareholders.

Source : Equity Bulls

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