Jupiter Bioscience to raise funds

Jupiter Bioscience Ltd has announced that the Board of Directors of the Company at its meeting held on December 13, 2006, has taken the following decisions:

1. Subject to necessary approvals, the Board has approved plans to raise upto Rs 95 crores by way of debt and fresh issue of equity shares/convertible debentures/convertible preference shares/foreign currency convertible bonds (FCCBs) to Domestic Investors including but not limited to Institutional Buyers, Mutual Funds, Banks, Insurance Companies and Corporate Bodies.

2. The Board has discussed in detail the offers received from the various investors and has decided to have an Extra Ordinary General Meeting on January 25, 2007 to take the approval of the Share Holders.

Source : Equity Bulls

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