Jsl Limited has informed the Exchange that the Board of Directors of the Company, in its meeting held on April 06, 2009 has inter alia approved : (1) Issuance of equity shares of the Company and / or securities linked to, or convertible into equity shares of the Company on a rights basis to the existing equity shareholders of the Company, upto a maximum aggregate amount of Rs. 500 crore, (2) Raising money through as international offering, by way of issue of foreign currency convertible bonds (FCCBs) / global depository receipts (GDRs) / American depository receipt (ADRs) upto as aggregate principal amount of USD 100 million, subject to approval of shareholders. (3) Issuance of equity shares to Qualified Institutional Buyers through a Qualified Intitutional Placement upto an aggregate amount of Rs. 500 Crore, subject to approval of shareholders. The Board also constituted a Committee to determine the terms and conditions at which the above securities are to be issued.