GV Films: Outcome of board meeting

PRESS RELEASE


 


GV Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on 23 October, 2006, has considered and approved FCCB Issue i.e. Euro 9 million in aggregate principle amount of Zero Coupon convertible bonds due 2012, partly paid with 34% of the amount payable immediately.


 


The proceeds of the issue shall be utilized for capital expenditure of the GV Studio City projects.

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