Sangam India seeks EGM approval for raising funds

Sangam India Ltd has announced that the Board of Directors of the Company at its meeting held on December 29, 2006 has decided to convene an Extra Ordinary General Meeting of the Members of the Company on January 27, 2007 to approve further issue of securities of an aggregate amount of Rs 100 Crores inclusive but not limited to FCCB, Equity Shares by way of Public Issue, QIB, Right Issue, Preferential Issue, Convertible Warrants, debentures or any other securities.

Source : Equity Bulls

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