United Spirits Ltd has informed BSE that the Board Of Directors of the Company at its meeting held on December 21, 2011, inter alia, approved the following:
1. Raising of funds through Issue of Foreign Currency Convertible Bonds (FCCBs) for an aggregate sum not exceeding US $ 225 million, subject to the approval of the shareholders and such other regulatory approvals as may be required.
2. To Convene an Extra-ordinary General Meeting of the shareholders of the Company on January 20, 2012, to seek their approval for the aforesaid issue of FCCBs.