Corporate News 29-Dec-09
GS Auto International to raise funds
Through preferential allotment
The members of GS Auto International has approved to raise long term funds for its future and ongoing expansion plans, as well as for the modernization / automation of its existing manufacturing units through preferential allotment of 4000000 warrants to be converted into equivalent number of equity shares to associates of promoters / strategic investors and others on preferential basis.
This was approved at the extraordinary general meeting held on 26 December 2009.
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