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.
