BSEL Infrastructure Realty’s board of directors, at its meeting held on 18 July 2005, inter alia, has decided to raise funds not exceeding US$ 100 million by way of GDRs / ADRs / FCCBs / and or other securities linked to equity / preference shares and or any instrument or securities representing convertible securities such as NCDs / PCDs / bonds / warrants to be approved by shareholders at the ensuing Annual General Meeting (AGM).