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    Koutons Retail board meeting on April 03, 2013

    The Management of Koutons Retail India is looking at a proposal to acquire a foreign Company through issue of GDRs on a back to back basis in lieu of cash consideration upto USD 200 mn. The board Meeting is being scheduled on April 03, 2013 to discuss and decide on the aforesaid acquisition and issue of GDRs in lieu of consideration.

    April 01, 2013 / 14:59 IST

    Koutons Retail India Ltd has informed BSE that the Management of the Company is looking at a proposal to acquire a foreign Company through issue of Global Depository Receipts (GDRs) on a back to back basis in lieu of cash consideration upto USD 200 Million.A Board Meeting is being scheduled on April 03, 2013 to discuss and decide on the aforesaid acquisition and issue of GDRs in lieu of consideration.The Shareholders had approved the issue of GDRs upto USD 200 Million in the Extra-ordinary General Meeting held on October 01, 2012.Source : BSE

    Read all announcements in Koutons Retail

    first published: Apr 1, 2013 02:59 pm

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