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Indage Vintners approves to issues equits shares & warrants

The board of Indage Vintners has approved raising of funds not exceeding Rs 200 crore by way of issue of equity shares and convertible equity share warrants and/or optionally convertible debentures on preferential basis to the identified investors, promoters/promoter group entities and/or qualified institutional placement to QIBs at a price and on the terms and conditions determined in accordance with the applicable SEBI Guidelines. An extraordinary general meeting is being convened to seek the approval of the members.

This was approved at the board meeting held on 09 June 2009.

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