Sterling Biotech Board to consider dividend

Sterling Biotech Ltd has announced that the meeting of the Board of Directors of the Company will be held on March 29, 2007, for adoption of Audited Accounts and declaration of Dividend subject to the final approval of the members at the Annual General Meeting of the Company, the Board shall also consider the passing of resolution for raising of further capital up to US$ 300 million or equivalent to INR by way of issue of equity / convertible instrument / ADR / GDR / Bonds etc., subject to passing by way of Special Resolution at General Meeting of the Company.

Source : Equity Bulls

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