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INDIA'S MICRO TECH TO SEEK SHAREHOLDERS NOD TO RAISE US$20 MLN.
MUMBAI, June 1 Asia Pulse - Micro Technologies India (BSE:532494), a security and safety solutions provider, on Thursday said it will seek shareholders approval on June 23 for various issues including the raising of US$20 million through the issue of securities in overseas market.
The company proposes to issue Qualified Institutional Placements, Foreign Currency Convertible Bonds or Global Depository Receipts for up to US$20 million, Micro Technologies said in a communique to the BSE.
A proposal entailing investment of up to 49 per cent by Foreign Institutional Investors (FIIs) in the equity shares of the company would also be put forward for the consideration of shareholders.
The issue of 250,000 shares to Bennett Coleman & Co Ltd and 900,000 share warrants to Micro Associates Consultancy (I) Pvt Ltd would be taken note of at the shareholders ...
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Source: HighBeam Research, INDIA'S MICRO TECH TO SEEK SHAREHOLDERS NOD TO RAISE US$20 MLN.