21st-Dec-2011 20:02Source: BSE

United Spirits - Outcome of the Board Meeting

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.