Wednesday, January 30, 2008

GMR Industries Board approves Rights Issue

GMR Industries Ltd has informed that that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has approved the following:

1. Approved the proposal for a rights issue for Rs 250.00 Crores and appointed a committee for the same.

2. Approved Proposal for setting up a Medium Density Fiber Board Project and setting up of another Sugar Complex in Karnataka.

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