Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Power rules IPO market
"Power" seems to be the buzzword when it comes to big-ticket IPOs.

payday loans online
Cotton exports may rise to 1.4 MT, says global body
India’s cotton exports are likely to rebound to 1.4 million tonnes in 2009-10 (October-September) at the cost of exports from the US, which are forecast to fall 20 per cent to 2.3 million tonne on year, according to International Cotton Advisory Committee (ICAC).

News of the day

Sanjaya Baru: Centre, states and India's metropolis
Sanjaya Baru / New Delhi December 21, 2009, 0:42 IST
Public Relations

Edserv Softsystems gets shareholders' nod for raising funds

Education solutions provider Edserv Softsystems today said it has received approval from its shareholders to raise funds through various options, including issuing securities of up to $500 million (about Rs 2,200 crore) in the overseas market. - Godrej seeks shareholders" nod to buy Godrej Sara Lee - Adhikari Bros completes 100% FCCB buyback - 2009 a mixed year for primary markets - IPO saga: Promoters garner Rs 20k cr; public gets Rs 20 cr - Overseas borrowings slip from October high - 17 FCCB violations investigated, says govt The shareholders, at the extra-ordinary general meeting of the company held today, approved the "issue of American/Global depository receipts or FCCB (foreign currency convertible bonds) not exceeding a sum of $500 million," Edserv said in a filing to the BSE. They also approved the "power of the company to mortgage or hypothecate the assets of the company whether movable or immovable up to a sum not exceeding Rs 2,000 crore", it said. Shareholders also approved the company"s plan to borrow up to Rs 2,000 crore from various avenues.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009